RA Partnership reported for the year net profit from trading amounting to P800,000. The other income included interest income of PB,000, net of 20% final withholding tax and dividend income from domestic corporation of P20,000 (gross of tax). Assuming R and A share profits and losses equally. The total distributable income of the partnership is Note: Answer is in numerical form. Omit Comma, Peso sign and other characters, Example: if the answer if P1,023,450, type 1023450John and Lance are partners in a business partnership sharing profits and losses in the ration of 55:45. The following data on income and expenses of the partnership for 2018 show: Gross income P750,000 Expenses 200,000 Dividend received from a domestic corporation 20,000 Bank interest income, Metro Bank (net) 80,000 The share of Lance from total distributable income of the partnership is Note: Answer is in numerical form. Omit Comma, peso sign and other characters. Example: if the answer is P1,023,456 type it as 1023456XYZ & Company is a general partnership in trade and in its 5th year of operations. During the current taxable year, it had a gross profit from sales and business expenses of P2,000,000 and P1,000,000 respectively. X Y and Z sha equally in the profits and losses of the partnership The distributable income of the partnership is Note: Answer is in numerical form. Omit Comma, Peso sign and other characters. Example: If the answer is P1,023,456, write 1023456XYZ & Company is a general partnership in trade and in its 5th year of operations. During the current taxable year, it had a gross profit from sales and business expenses of P2,000,000 and P1,000,000 respectively. X. Y and Z share equally in the profits and losses of the partnership. The income tax due of the partners as a consequence of being a partner in the partnership is Note: Answer is in numerical form. Omit Comma, Peso sign and other characters. Example: If the answer is P1,023,456, write 1023456RA Partnership reported for the year net profit from trading amounting to P800,000. The other income included interest income of PB,000, net of 20% final withholding tax and dividend income from domestic corporation of P20,000 (gross of tax). Assuming R and A share profits and losses equally. The share of R from the distributable income of the partnership is Note: Answer is in numerical form. Omit Comma, Peso sign and other characters, Example: if the answer if P1,023,450, type 1023450Data for 2018 taxable year of Ronnie and Malu Partnership including the partner's own income are as follows: RM Partnership Ronnie Malu Gross income P2,000,000 P800,000 P1,000,000 Allowed Deductions 1,200,000 400,000 500,000 Drawing Accounts: Ronnie 150,000 30,000 Malu 120,000 20,000 Civil Status Single Married Profit and Loss Ratio 40% 60% Assume the partnership is an ordinary partnership. The income tax due of the partnership is NOTE: Answer is in numerical form. OMIT Comma, Peso sign and other character. Example is answer is P1,234,000 it should be written as 1234000Data for 2018 taxable year of Ronnie and Malu Partnership including the partner's own income are as follows: RM Partnership Ronnie Malu Gross income P2,000,000 P800,000 P1,000,000 Allowed Deductions 1,200,000 400,000 500,000 Drawing Accounts: Ronnie 150,000 30,000 Malu 120,000 0 20,000 Civil Status Single Married Profit and Loss Ratio 40% 60% Assume the partnership is a general professional partnership. The income tax due of the partnership is NOTE: Answer is in numerical form. OMIT Comma, Peso sign and other character. Example is answer is P1,234,000 it should be written as 1234000John and Lance are partners in a business partnership sharing profits and losses in the ration of 55:45. The following data on income and expenses of the partnership for 2018 show: Gross income P750,000 Expenses 200,000 Dividend received from a domestic corporation 20,000 Bank interest income, Metro Bank (net) 80,000 The correct amount of final tax to be withheld by the partnership on the share of John is Note: Answer is in numerical form. Omit Comma, peso sign and other characters. Example: if the answer is P1,023,456 type it as 1023456Ray Tim Partnership is a general professional partnership, with Ray married and Tim single participating equally in the income and expenses. The following are the data for the partnership and the partners in 2018: RT Partnership Ray Tim Gross Income P600,000 P150,000 P200,000 Expenses 350,000 70,000 120,000 The taxable income of Ray is: Select the correct response. PO O P80,000 P205,000 O P155,000RayTim Partnership is a general professional partnership, with Ray married and Tim single participating equally in the income and expenses. The following are the data for the partnership and the partners in 2018: RT Partnership Ray Tim Gross Income P600,000 P150,000 P200,000 Expenses 350,000 70,000 120,000 The income tax due on Tim's income is: Select the correct response. O PO OPP80,000 P120,000 O P75,000Data for 2018 taxable year of Ronnie and Malu Partnership including the partner's own income are as follows: RM Partnership Ronnie Melu Gross income P2,000,000 P800,000 P1,000,000 Allowed Deductions 1,200,000 400,000 500,000 Drawing Accounts: Ronnie 150,000 30,000 0 Malu 120,000 0 20,000 Civil Status Single Married Profit and Logs Ratio 40% 60% Assume the partnership is a general professional partnership. The income tax due of Malu is NOTE: Answer is in numerical form. OMIT Comma, Peso sign and other character. Example is answer is P1,234,000 it should be written as 1234000.Data for 2018 taxable year of Ronnie and Malu Partnership including the partner's own income are as follows: RM Partnership Ronnie Malu Gross income P2,000,000 P800,000 P1,000,000 Allowed Deductions 1,200,000 400,000 500,000 Drawing Accounts: Ronnie 150,000 30,000 O Malu 120,000 20,000 Civil Status Single Married Profit and Loss Ratio 40% 60% Assume the partnership is an ordinary partnership. The income tax due of Ronnie is NOTE: Answer is in numerical form. OMIT Comma, Peso sign and other character. Example is answer is P1,234,000 it should be written as 1234000John and Lance are partners in a business partnership sharing profits and losses in the ration of 55:45. The following data on income and expenses of the partnership for 2018 show: Gross income P750,000 Expenses 200,000 Dividend received from a domestic corporation 20,000 Bank interest income, Metro Bank (net) 80,000 The share of John from the distributable income of the partnership is Note: Answer is in numerical form. Omit Comma, peso sign and other characters. Example: if the answer is P1,023,456 type it as 1023456John and Lance are partners in a business partnership sharing profits and losses in the ration of 55:45. The following data on income and expenses of the partnership for 2018 show: Gross income P750,000 Expenses 200,000 Dividend received from a domestic corporation 20,000 Bank interest income, Metro Bank (net) 80,000 The correct amount of final tax to be withheld by the partnership on the share of Lance is Note: Answer is in numerical form. Omit Comma, peso sign and other characters. Example: if the answer is P1,023,456 type it as 1023456RayTim Partnership is a general professional partnership, with Ray married and Tim single participating equally in the income and expenses. The following are the data for the partnership and the partners in 2018: RT Partnership Ray Tim Gross Income P600,000 P150,000 P200,000 Expenses 350,000 70,000 120,000 The income due on partnership income is: Select the correct response. O P125,000 O PO O P75,000Sales net of discounts and allowances P4,000,000 Less: Cost of sales 2400,000 Gross income from 1,600,000 operation 100,000 Dividends income 250,000 Royalty income 150,000 Gain on sale of building P2.100,000 Total gross income Shown above is the composition of the total gross income of a domestic corporation which is su ject to MCIT. What is the MCIT? Select the correct response. O P32.000 O P42000 O P35,000Ray Tim Partnership is a general professional partnership, with Ray married and Tim single participating equally in the income and expenses. The following are the data for the partnership and the partners in 2018: RT Partnership Ray Tim Gross Income P600,000 P150,000 P200,000 Expenses 350,000 70,000 120,000 The gross income of Ray from the partnership is: Select the correct response. O P300,000 P125,000 O PO P640,000YZ & Company is a general partnership in trade and in its 5th year of operations. During the current taxable year, it had a gross profit from sales and business expenses of P2,000,000 and P1,000,000 respectively. X Y and Z share equally in the profits and losses of the partnership. The income tax due of the partnership is Note: Answer is in numerical form. Omit Comma, Peso sign and other characters. Example: If the answer is P1,023,456, write 1023456