Determine the amount if basic income tax assuming the individual is classified as resident citizen.

Gross business income, Philippines	4,000,000
Gross business income, Singapore	3,000,000
Business expenses, Philippines	1,500,000
Business expenses, Singapore	1,750,000
Interest income BPI Philippines	90,000
Interest income BPI Singapore	70,000
Dividend income from a domestic Corp.	150,000
Dividend income resident foreign Corp.	75,000
Dividend income non-resident foreign Corp.	125,000
Interest income received from a depository FCDU	50,000
Philippine lotto winnings	10,000
Philippine Charity sweepstakes winnings	400,000
Singapore sweepstakes winnings	250,000
Other winnings Philippines	50,000
Prizes Robinsons Manila	9,000
Prizes SM manila	20,000
Prizes Singapore	30,000
Interest income from long-term deposit	10,000
Interest income from long-term investment (pre-terminated on 2nd year)	5,000
Share dividend from San Miguel Corp.	7,500
Interest income from loans receivable	10,000
Royalty income from franchise	100,000
Royalty income from books	50,000

Flag question: Question 9

Question 97 pts

Determine the amount if basic income tax assuming the individual is classified as NRC, RA, or NRA-ETB.

Gross business income, Philippines	4,000,000
Gross business income, Singapore	3,000,000
Business expenses, Philippines	1,500,000
Business expenses, Singapore	1,750,000
Interest income BPI Philippines	90,000
Interest income BPI Singapore	70,000
Dividend income from a domestic Corp.	150,000
Dividend income resident foreign Corp.	75,000
Dividend income non-resident foreign Corp.	125,000
Interest income received from a depository FCDU	50,000
Philippine lotto winnings	10,000
Philippine Charity sweepstakes winnings	400,000
Singapore sweepstakes winnings	250,000
Other winnings Philippines	50,000
Prizes Robinsons Manila	9,000
Prizes SM manila	20,000
Prizes Singapore	30,000
Interest income from long-term deposit	10,000
Interest income from long-term investment (pre-terminated on 2nd year)	5,000
Share dividend from San Miguel Corp.	7,500
Interest income from loans receivable	10,000
Royalty income from franchise	100,000
Royalty income from books	50,000

Flag question: Question 10

Question 107 pts

Determine the amount if final tax assuming the individual is classified as RC.

Gross business income, Philippines	4,000,000
Gross business income, Singapore	3,000,000
Business expenses, Philippines	1,500,000
Business expenses, Singapore	1,750,000
Interest income BPI Philippines	90,000
Interest income BPI Singapore	70,000
Dividend income from a domestic Corp.	150,000
Dividend income resident foreign Corp.	75,000
Dividend income non-resident foreign Corp.	125,000
Interest income received from a depository FCDU	50,000
Philippine lotto winnings	10,000
Philippine Charity sweepstakes winnings	400,000
Singapore sweepstakes winnings	250,000
Other winnings Philippines	50,000
Prizes Robinsons Manila	9,000
Prizes SM manila	20,000
Prizes Singapore	30,000
Interest income from long-term deposit	10,000
Interest income from long-term investment (pre-terminated on 2nd year)	5,000
Share dividend from San Miguel Corp.	7,500
Interest income from loans receivable	10,000
Royalty income from franchise	100,000
Royalty income from books	50,000

Flag question: Question 11

Question 117 pts

Determine the amount if final tax assuming the individual is classified as NRC.

Gross business income, Philippines	4,000,000
Gross business income, Singapore	3,000,000
Business expenses, Philippines	1,500,000
Business expenses, Singapore	1,750,000
Interest income BPI Philippines	90,000
Interest income BPI Singapore	70,000
Dividend income from a domestic Corp.	150,000
Dividend income resident foreign Corp.	75,000
Dividend income non-resident foreign Corp.	125,000
Interest income received from a depository FCDU	50,000
Philippine lotto winnings	10,000
Philippine Charity sweepstakes winnings	400,000
Singapore sweepstakes winnings	250,000
Other winnings Philippines	50,000
Prizes Robinsons Manila	9,000
Prizes SM manila	20,000
Prizes Singapore	30,000
Interest income from long-term deposit	10,000
Interest income from long-term investment (pre-terminated on 2nd year)	5,000
Share dividend from San Miguel Corp.	7,500
Interest income from loans receivable	10,000
Royalty income from franchise	100,000
Royalty income from books	50,000

Flag question: Question 12

Question 127 pts

Determine the amount if final tax assuming the individual is classified as RA.

Gross business income, Philippines	4,000,000
Gross business income, Singapore	3,000,000
Business expenses, Philippines	1,500,000
Business expenses, Singapore	1,750,000
Interest income BPI Philippines	90,000
Interest income BPI Singapore	70,000
Dividend income from a domestic Corp.	150,000
Dividend income resident foreign Corp.	75,000
Dividend income non-resident foreign Corp.	125,000
Interest income received from a depository FCDU	50,000
Philippine lotto winnings	10,000
Philippine Charity sweepstakes winnings	400,000
Singapore sweepstakes winnings	250,000
Other winnings Philippines	50,000
Prizes Robinsons Manila	9,000
Prizes SM manila	20,000
Prizes Singapore	30,000
Interest income from long-term deposit	10,000
Interest income from long-term investment (pre-terminated on 2nd year)	5,000
Share dividend from San Miguel Corp.	7,500
Interest income from loans receivable	10,000
Royalty income from franchise	100,000
Royalty income from books	50,000

Flag question: Question 13

Question 137 pts

Determine the amount if final tax assuming the individual is classified as NRA-ETB.

Gross business income, Philippines	4,000,000
Gross business income, Singapore	3,000,000
Business expenses, Philippines	1,500,000
Business expenses, Singapore	1,750,000
Interest income BPI Philippines	90,000
Interest income BPI Singapore	70,000
Dividend income from a domestic Corp.	150,000
Dividend income resident foreign Corp.	75,000
Dividend income non-resident foreign Corp.	125,000
Interest income received from a depository FCDU	50,000
Philippine lotto winnings	10,000
Philippine Charity sweepstakes winnings	400,000
Singapore sweepstakes winnings	250,000
Other winnings Philippines	50,000
Prizes Robinsons Manila	9,000
Prizes SM manila	20,000
Prizes Singapore	30,000
Interest income from long-term deposit	10,000
Interest income from long-term investment (pre-terminated on 2nd year)	5,000
Share dividend from San Miguel Corp.	7,500
Interest income from loans receivable	10,000
Royalty income from franchise	100,000
Royalty income from books	50,000

Flag question: Question 14

Question 148 pts

Determine the amount of final tax (include the ordinary income) assuming the individual is classified as NRA-NETB.

Income, Philippines	4,000,000
Income, Singapore	3,000,000
Business expenses, Philippines	1,500,000
Business expenses, Singapore	1,750,000
Interest income BPI Philippines	90,000
Interest income BPI Singapore	70,000
Dividend income from a domestic Corp.	150,000
Dividend income resident foreign Corp.	75,000
Dividend income non-resident foreign Corp.	125,000
Interest income received from a depository FCDU	50,000
Philippine lotto winnings	10,000
Philippine Charity sweepstakes winnings	400,000
Singapore sweepstakes winnings	250,000
Other winnings Philippines	50,000
Prizes Robinsons Manila	9,000
Prizes SM manila	20,000
Prizes Singapore	30,000
Interest income from long-term deposit	10,000
Interest income from long-term investment (pre-terminated on 2nd year)	5,000
Share dividend from San Miguel Corp.	7,500
Interest income from loans receivable	10,000
Royalty income from franchise	100,000
Royalty income from books	50,000

*Business