Sales 10,000,000

Cost of sales 2,000,000

Gain from sale of an office equipment 100,000

Gain from sale of land not used in business (SP = 300,000) 200,000

Gain from sale of building not used in business (SP = 300,000) 150,000

Gain from sale of domestic stocks directly to buyer 40,000

Gain from sale of foreign stocks directly to buyer 20,000

Interest income from long term bank deposit , Philippines 10,000

Interest income from long term foreign currency deposit 80,000

Rental fees received (With unearned rent income of 400,000) 600,000

Royalties, Philippine 200,000

Royalties, USA 300,000

Property dividend received from domestic corporation 400,000

Cash dividend from foreign corporation 500,000

Stock dividend from domestic corporation 200,000

Prizes, Philippines 120,000

Refund of Philippine percentage tax 100,000

Refund of Value added tax 200,000

Bad debt recovery 500,000

Provided the following income of incorporation for the year 2019, How much is the:

A. How much is the total amount of excluded/exempted income?

B. How much is the final withholding tax on certain income?

C. How much is the Capital Gains Tax

D. How much is the Income tax payable

if the taxpayer is a:

1. Domestic corporation

2. Resident foreign corporation

3. Non-Resident foreign corporation