Interest from peso (Philippine Currency) deposit account, BDOPHP10,000

Interest from PH (Philippine Currency) bank under expanded FCDS 50,000

Interest from PH investment company (maturity of 10 years) 90,000

Interest from a bank abroad (converted into peso) 10,000

Prize won in the Philippines 20,000

Prize won abroad (converted into peso) 30,000

PCSO winnings7,000

Royalties, in general20,000

Royalties from musical composition 15,000

Dividend received from domestic company 60,000

Dividends received abroad (converted into peso) 80,000

Gross receipt from profession, Philippines 650,000

Gross receipt from business, Philippines250,000

Business expenses which does not meet the requirements and

definition of Section 34 (A) of the Tax Code (50,000)

Compute for the following

3. Passive income, if the taxpayer is a:

a. Resident Citizen

b. Non Resident Citizen

c. Resident Alien

d. Non Resident Alien Engaged in Trade or Business

e. Non Resident Alien Not Engaged in Trade or Business

4. Final tax withheld by the payer, if the taxpayer is a:

a. Resident Citizen

b. Non Resident Citizen

c. Resident Alien

d. Non Resident Alien Engaged in Trade or Business

e. Non Resident Alien Not Engaged in Trade or Business