Question
Show complete solution please The following pertains to Ana, a resident citizen taxpayer: Fruits harvested to be sold at a later date 30,000 Interest on
Show complete solution please
The following pertains to Ana, a resident citizen taxpayer: Fruits harvested to be sold at a later date 30,000 Interest on bank deposits 1,000 Dividends declared by ABC Company 3,000 Increase in the market value of lot 10,000 Gambling winnings 9,000 Gain on sale of goods by branch office 5,000 Income on goods delivered by home office to branch office for sale by the latter 4,000 Indemnity received for moral damages claimed 50,000 Anas employer cancelled her (Ana) first debt upon her request
5,000 Anas employer offset Anas second debt against her salary 4,000
69. Compute the total gross income of Ana. A. 22,000 B. 23,000 C. 58,000 D. 103,000 70. Bing, resident citizen, operated her online selling without permit to engage in business. During the year, she earned a total income of P900,000. How much is the taxable income? A. ZERO B. 650,000 C. 900,000
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