Computations (Taxable income) Instruction: Compute for the taxable income in each of the following cases. Show your computation and highlight your final answer 1. Mr. Naval, a single with no qualified dependent, earns compensation income of P200,000 during a taxable year. How much is the taxable income of Mr. Naval? 2. Ms. Sarroca, a single mother with three children ages 22, 12 and 1, earns compensation income of P700,000 during the year. How much is the taxable income of Ms. Sarroca. 3. Mrs. Bormeo, married and a mother of a 3 year-old child, earns compensation income of P300,000 during a taxable year. Mr. Borromeo is also earning income and does not waive his right over the additional exemption. How much is the taxable income of Mrs. Borromeo? 4. Mr. Pinlac, a father of three - ages 30,18 and 3, earns compensation income of P400,000 during the year. The 30 years old child's is crazy and depends chiefly on his daddy for support. The 18 years old child is a genius he is an internet mogul, having invented Netbook, and is earning millions of dollars. During the year, Mr. Pinlac took health insurance for his children at an annual premium of P3,000. How much is the taxable income of Mr. Pinlac? 5. Ms. Emerald, a single mother of a 13-year-old child, earns compensation income of P220,000 during a taxable year. During the year, Ms. Emerald took hospitalization insurance for her child at an annual premium of P2,200. How much is the taxable income of Ms. Emerald