Question
In addition to the compensation being received by Ms. Lynn R. as employee, she leases out her 3-door apartment for P10,000 a month each unit.
In addition to the compensation being received by Ms. Lynn R. as employee, she leases out her 3-door apartment for P10,000 a month each unit. Her compensation income for 2020 consists of P13,000 basic salary a month, 13th month pay based on basic salary plus P25,000 bonus. As royalties, she received P113,000 for the book she wrote; and P80,000 for her property that is planted with pineapples. What is the amount to be included as gross income in 2020?
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The Quest For A Science Of AccountingAn Anthology Of The Research Of Robert R. Sterling
Authors: Thomas A. Lee, Peter W. Wolnizer
1st Edition
0367698196, 9780367698195
