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Hi good day professors, I need computations of this. Mr. Jojo, married, supporting his 6 children (2 of which are gainfully employed) had the following
Hi good day professors, I need computations of this.
Mr. Jojo, married, supporting his 6 children (2 of which are gainfully employed) had the following data for taxable year 2019: Phil. Abroad Business income P1,000,000 $20,000 Professional income 400,000 10,000 Salaries 200,000 Business and professional Expenses 250,000 8,000 Income tax paid 200,000 - Note: $1=P50
1. If Mr. Jojo is a resident citizen, his income tax payable is: _________
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