How much is the

1.Total Exempted/Excluded income

2.Final Tax

3.Capital Gains Tax

4.Income Tax Payable

If the taxpayer is a Domestic corporation

The following are the income of a corporation for the year 2019 Sales 10,000,000 Cost of sales 2,000,000 Gain from sale of an office equipment 100,000 Gain from sale of land not used in business (SP = 300,000) 200,000 Gain from sale of building used in business (SP=300,000) 150,000 Gain from sale of domestic stocks directly to buyer 40,000 Gain from sale of foreign stocks directly to buyer 20,000 Interest income from long tern bank deposit, Philippines 10,000 Interest income from long term foreign currency deposit 80,000 Rental fees received (with unearned rent income of 400,000) 600,000 Royalties, Philippines 200,000 Royalties, USA 300,000 Property dividend received from domestic corporation 400,000 Cash dividend from foreign corporation 500,000 Stock dividend from domestic corporation 200,000 Prizes, Philippines 120,000 Refund of Philippine percentage tax 100,000 Refund of Value added tax 200,000 Bad debt recovery 500,000