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give solution ty Determine the amount if basic income tax assuming the individual is classified as resident citizen. Gross business income, Philippines 4,000,000 Gross business
give solution ty
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 |
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