Mr. Gudani had the following data in 2019: Philippines Abroad Gross Income from Sales P 4,000,000 P
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Question:
Mr. Gudani had the following data in 2019:
Philippines
Abroad
Gross Income from Sales
P
4,000,000
P
6,000,000
Interest Income from Deposits
40,000
80,000
Less: Deductions
2,000,000
3,600,000
Total
P
2,040,000
P
2,480,000
Compute the taxable income if Mr. Gudani is a resident citizen.
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