Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PHILIPPINE TAXATION 2020 (TRAIN LAW) PEDRO, resident citizen, married, derived income from sources within and outside the Philippines. The following were the data on his

PHILIPPINE TAXATION 2020 (TRAIN LAW)

PEDRO, resident citizen, married, derived income from sources within and outside the Philippines. The following were the data on his taxable income and foreign taxes for the year 2020:

Net Income, Philippines P150,000

Net Income Brunei (before P5,000 income tax) P200,000

Net Income, Thailand (after P30,000 income tax) P70,000

Net Income, Japan (before P30,000 income tax) P150,000;

Net income, Singapore (P150,000)

Net Income, India (no income tax paid) P50,000.

The taxes paid by PEDRO for the first three quarters for the taxes within were P10,000.

How much is the income tax payable?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

An Introduction To Statistical Methods And Data Analysis

Authors: R. Lyman Ott, Micheal T. Longnecker

7th Edition

1305269470, 978-1305465527, 1305465520, 978-1305269477

More Books

Students also viewed these Accounting questions

Question

Technology

Answered: 1 week ago

Question

Population

Answered: 1 week ago