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need asap 71. A married resident citizen has 5 qualified dependent children. The following information pertains to his income and expenses in the year 2018:
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71. A married resident citizen has 5 qualified dependent children. The following information pertains to his income and expenses in the year 2018: Salary, net of P20,000; withholding tax P380,000; Interest income, bank deposit BPI Manila P50,000; Yield from money market placement, State Investment House, Manila P30,000; Rent expense, apartment house P36,000 Health insurance premium paid 5,000. How much is the taxable compensation income?* Oa. PO O b. 430,000 O c. None, exempt from tax d. 400,000 72. Mr Juan Jose, married, resident citizen with two qualified dependent children. 71. A married resident citizen has 5 qualified dependent children. The following information pertains to his income and expenses in the year 2018: Salary, net of P20,000; withholding tax P380,000; Interest income, bank deposit BPI Manila P50,000; Yield from money market placement, State Investment House, Manila P30,000; Rent expense, apartment house P36,000 Health insurance premium paid 5,000. How much is the taxable compensation income?* Oa. PO O b. 430,000 O c. None, exempt from tax d. 400,000 72. Mr Juan Jose, married, resident citizen with two qualified dependent children Step by Step Solution
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