PHILIPPINES IS THE HOME COUNTRY

Determine the income tax and final tax for a (1) Resident citizen tax payer, (2) Non-resident citizen (3) Resident alien (4) Non-resident alien engaged in trade, and (5) Non-resident alien not engaged in trade or business provided the following information:

Gross business income, Philippines 4,000,000

Gross business income, Singapore 3,000,000

Business expenses, Philippines 1,500,000

Business expenses, Singapore 1,750,000

Interest income BPI Philippines 90,000

Interest income BPI Singapore 70,000

Dividend income from a domestic Corp. 150,000

Dividend income resident foreign Corp. 75,000

Dividend income non-resident foreign Corp. 125,000

Interest income received from a depository FCDU 50,000

Philippine lotto winnings 10,000

Philippine Charity sweepstakes winnings 400,000

Singapore sweepstakes winnings 250,000

Other winnings Philippines 50,000

Prizes Robinsons Manila 9,000

Prizes SM manila 20,000

Prizes Singapore 30,000

Interest income from long-term deposit 10,000

Interest income from long-term investment (pre-terminated on 2^nd year) 5,000

Share dividend from San Miguel Corp. 7,500

Interest income from loans receivable 10,000

Royalty income from franchise 100,000

Royalty income from books 50,000