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EXERCISE 17-2. DISCUSSION QUESTIONS/ PROBLEMS 1. Persons required to file. Asido, who is married with four minor children, works as a driver in a
EXERCISE 17-2. DISCUSSION QUESTIONS/ PROBLEMS 1. Persons required to file. Asido, who is married with four minor children, works as a driver in a Makati firm which pays him P4,500 monthly. He asks you whether he is still required to file an income tax return considering that his only employer is already deducting withholding income taxes every payday as reflected in his pay envelope. What will be your answer? Why? 2. Persons required to file. In each of the following independent cases, indicate whether the following taxpayers are required to file income tax returns: a. Juaniza, married with 5 dependent children, total gross business income is P65,000. b. Toto, sole income is interest from time deposit with PNB of P40,000. c. Trinity, salary from Naga College Foundation, her sole employer, during the year is P150,000. d. Porcopio, salary with a private firm, P50,000 tax was not withheld correctly. e. Paybeta, salary from the government, P40,000; salary from a private establishment, P15,000. f. Sixto, CPA, salary from Central Philippines University, P62,000. g. Seventino, salary, P25,000; business income, P23.000 h. Itogon, income from profession, P56,000. i. Naynita, NRA ETB, gross income within, P120,000 Tentay, NRA NETB, income within, P100,000 3. Returns of husband and wife. Edward and Emie are husband and wife They have a two-year old child, EE. During the year, Edward and Emie earned P150,000 and P100,000, respectively. Aside from their respective income, they have also eamed non-operating income of P75,000. This amount cannot be identified as earned exclusively by either spouse.
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