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I.Individual Income Taxation (Note: Refer to the lecture notes on taxability of individual taxpayer.) 1.NIKKI, a renowned beauty queen and model, who is an individual

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I.Individual Income Taxation (Note: Refer to the lecture notes on taxability of individual taxpayer.) 1.NIKKI, a renowned beauty queen and model, who is an individual taxpayer provided the following information for the taxable year 2021, as follows: QUESTIONS: CASE A. 1. Determine the GROSS TAXABLE INCOME assuming Nikki is a RESIDENT FILIPINO citizen. 2. Determine the NET TAXABLE INCOME assuming Nikki is a RESIDENT FILIPINO citizen. CASE B. 1. Determine the GROSS TAXABLE INCOME assuming Nikki is a NONRESIDENI FILIPINO citizen. 2. Detcrmine the NET TAXABLE INCOME assuming Nikki is a NONRESIDENT FILIPINO citizen. CASE D. 1. Deterrnine the GROSS TAXABLE INCOME assuming Nikki is a NONRESIDENT ALIEN ENGAGED IN TRADE OR BUSINESS. 2. Determine the NET TAXABLE INCOME assuming Nikki is a NONRESIDENT ALIEN ENGAGED IN TRADE OR BUSINESS. CABE C. 1. Determine the GROSS TAXABLE INCOME assuming Nikki is a RESIDENT ALIEN. 2. Determine the NET TAXABLE INCOME assuming Nikki is a RESIDENT ALIEN. CASE E. 1. Determine the GROSS TAXABLE INCOME assuming Nikki NONRESIDENT ALIEN NOT ENGAGED IN TRADE OR BUSINESS. 2. Determine the NET TAXABLE INCOME assuming Nikki is a NONRESIDENT ALIEN NOT ENGAGED IN TRADE OR BUSINESS. 4. Determine the MINIMUM CORPORATE INCOME TAX assuming JADE CORPORATION is a DOMESTIC Corporation subject to Minimum Corporate lnoome Tax of 2%. 5. How much CORPORATE INCOME TAX that shnuld he paid by JADE CORPORATION to the governiment thru the Bureau of lriternal Reveriue (BIR). II.Corporate Income Taxation INote: Refer to the lecture notes on taxability of Corporate taxpayer. 1.JADE CORPORATION provided the following data for the year 2022 operations which is the 6 year of its operations. CASE A. 1. Dctcrmine the GROSS TAXABLE CORPORATE INCOME assuming JADE CORPORATION is a DOMESTIC Corporation. 2. Determine the NET TAXABLE CORPORATE INCOME assuming JADE CORPORATION is a DOMESTIC Corporation. 3. Determine the REGULAR CORPORATE INCOME TAX assuming JADE CORPORATION is a DOMESTIC Corporation subject to regular corporate income tax rate of 25% I.Individual Income Taxation (Note: Refer to the lecture notes on taxability of individual taxpayer.) 1.NIKKI, a renowned beauty queen and model, who is an individual taxpayer provided the following information for the taxable year 2021, as follows: QUESTIONS: CASE A. 1. Determine the GROSS TAXABLE INCOME assuming Nikki is a RESIDENT FILIPINO citizen. 2. Determine the NET TAXABLE INCOME assuming Nikki is a RESIDENT FILIPINO citizen. CASE B. 1. Determine the GROSS TAXABLE INCOME assuming Nikki is a NONRESIDENI FILIPINO citizen. 2. Detcrmine the NET TAXABLE INCOME assuming Nikki is a NONRESIDENT FILIPINO citizen. CASE D. 1. Deterrnine the GROSS TAXABLE INCOME assuming Nikki is a NONRESIDENT ALIEN ENGAGED IN TRADE OR BUSINESS. 2. Determine the NET TAXABLE INCOME assuming Nikki is a NONRESIDENT ALIEN ENGAGED IN TRADE OR BUSINESS. CABE C. 1. Determine the GROSS TAXABLE INCOME assuming Nikki is a RESIDENT ALIEN. 2. Determine the NET TAXABLE INCOME assuming Nikki is a RESIDENT ALIEN. CASE E. 1. Determine the GROSS TAXABLE INCOME assuming Nikki NONRESIDENT ALIEN NOT ENGAGED IN TRADE OR BUSINESS. 2. Determine the NET TAXABLE INCOME assuming Nikki is a NONRESIDENT ALIEN NOT ENGAGED IN TRADE OR BUSINESS. 4. Determine the MINIMUM CORPORATE INCOME TAX assuming JADE CORPORATION is a DOMESTIC Corporation subject to Minimum Corporate lnoome Tax of 2%. 5. How much CORPORATE INCOME TAX that shnuld he paid by JADE CORPORATION to the governiment thru the Bureau of lriternal Reveriue (BIR). II.Corporate Income Taxation INote: Refer to the lecture notes on taxability of Corporate taxpayer. 1.JADE CORPORATION provided the following data for the year 2022 operations which is the 6 year of its operations. CASE A. 1. Dctcrmine the GROSS TAXABLE CORPORATE INCOME assuming JADE CORPORATION is a DOMESTIC Corporation. 2. Determine the NET TAXABLE CORPORATE INCOME assuming JADE CORPORATION is a DOMESTIC Corporation. 3. Determine the REGULAR CORPORATE INCOME TAX assuming JADE CORPORATION is a DOMESTIC Corporation subject to regular corporate income tax rate of 25%

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