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Mr. Jodie San Diego, is a private employee ( resident citizen) had the following remuneration and various income in 2019: Gross compensation income P 450,000

Mr. Jodie San Diego, is a private employee ( resident citizen) had the following remuneration and various income  in 2019:

Gross compensation incomeP 450,000
Personal and living expenses     80,000
SSS premiums contribution       3,600
Philihealth contributions       2,400
Pag-ibig contributions       2,000
Union dues       1,000
Fixed RATA     12,000
Cost of living allowance     24,000
13 th month pay     28,000
Christmas gift       5,000
Laundry allowance ( P 500/ month)       8,000
Dividend income from a  domestic corporation      10,000
Interest income from bank deposits        2,500
Business income    200,000
Capital gain on sale of personal car      20,000
Capital gain on the sale of stocks directly to a buyer      40,000
Dividend income from a foreign corporation      15,000
Sale of land with fair value of ( personal)15,000,000
Prize as most outstanding citizen for the year      100,000
Prize in a raffle          7.500

 

Requirements:

  1. How much is the total taxable and non taxable income?
  2. Identify the Taxable,  Non taxable and Taxable non-business?

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