Question
In addition to the compensation being received by Ms. L as employee, she leases out her 3-door apartment for P10,000 a month each unit. Her
In addition to the compensation being received by Ms. L as employee, she leases
out her 3-door apartment for P10,000 a month each unit. Her compensation income for 2020 consist of P13,000 basic salary a month, 13thmonth pay based on basic salary plus
P25,000 bonus. As royalties, she received P113,000 for the song she wrote; and P80,000 for her property that us planted with banana.
The amount to be included as gross income in 2020 is?
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Introduction to Managerial Accounting
Authors: Peter C. Brewer, Ray H Garrison, Eric Noreen
8th edition
1259917061, 978-1259917066
