Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

In the Philippines, How much is the taxable income/(loss) if Mr. Sy is a resident alien? (500,000) P4,580,000 P500,000 (P420,000) : The income and expenses

image text in transcribed

In the Philippines, How much is the taxable income/(loss) if Mr. Sy is a resident alien?

(500,000)

P4,580,000

P500,000

(P420,000)

image text in transcribed
: The income and expenses of Mr. 5y for taxabie year 2021 are shown below: :Gross income from operations _Operating expenses _ Prizes interests from U55 bank deposits [in Pesos} _Capital gain on sale of land {Cost - P2 million} :How much is the taxable incomeloss) if Mr. Sy is a resident alien? _ Group of answer choices _(P500.000) _ 134,580,000 _P500.000 _(P420.000) Within 8,000,000 8,500,000 30,000 50,000 5,000,000 Outside _ P?,000,000_ 6,000,000 T0,000_ 100,000 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modern Principles of Economics

Authors: Tyler Cowen, Alex Tabarrok

3rd edition

1429278390, 978-1429278416, 1429278412, 978-1429278393

Students also viewed these Law questions

Question

Draw a schematic diagram of I.C. engines and name the parts.

Answered: 1 week ago