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TAX - Taxation sample problem with solution
Income & Business Taxation (TAX 1)
New Era University
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Problem 1: ABC has the following items of income: PH Abroad 200,000 100, 100,000 50, Compensation Income 400,000 - 300,000 200, 30,000 40,
a.
Business Income -PH 200, Business Income - Abroad 100, Professional Fees - PH 100, Professional Fees - Abraod 50, Compensation Income 400, Rent Income - PH 300, Rent Income - Abroad 200, Interest Income -PH 30, Interest Income - Abroad 40, Taxable Income 1,420,
b.
Business Income -PH 200, Professional Fees - PH 100, Compensation Income 400, Rent Income - PH 300, Interest Income -PH 30, Taxable Income 1,030,
c.
Business Income -PH 200, Professional Fees - PH 100, Compensation Income 400, Rent Income - PH 300, Interest Income -PH 30, Taxable Income 1,030,
Assuming ABC is a resident citizen, compute the total income subject to Philippine income tax.
Assuming ABC is a resident alien, compute the total income subject to Philippine income tax.
Assuming ABC is a resident corporation, compute the total income subject to Philippine income tax
Business Income Professional Fees
Rent Income Interest Income
TAX - Taxation sample problem with solution
Course: Income & Business Taxation (TAX 1)
University: New Era University
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