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2. Jerson, married, 15 dependents, had the following income within and outside the Philippines: Philippines Abroad Compensation Income 280,000 Rental income 50,000 100,000 Royalties-books 32,000 25,000 Domestic dividends 9,000 Foreign dividends 40,000 Compute his taxable income assuming she is a resident citizen. a. P 330, 000 b. P 371, 000 c. P 495, 000 d. P 536, 000 3. Compute his taxable income assuming she is a resident alien.

2. Jerson, married, 15 dependents, had the following income within and outside the Philippines: Philippines Abroad Compensation Income 280,000 Rental income 50,000 100,000 Royalties-books 32,000 25,000 Domestic dividends 9,000 Foreign dividends 40,000 Compute his taxable income assuming she is a resident citizen. a. P 330, 000 b. P 371, 000 c. P 495, 000 d. P 536, 000 3. Compute his taxable income assuming she is a resident alien.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2. Jerson, married, 15 dependents, had the following income within and outside the Philippines: Philippines Abroad Compensation Income 280,000 Rental income 50,000 100,000 Royalties-books 32,000 25,000 Domestic dividends 9,000 Foreign dividends 40,000 Compute his taxable income assuming she is a resident citizen. a. P 330, 000 b. P 371, 000 c. P 495, 000 d. P 536, 000 3. Compute his taxable income assuming she is a resident alien. a. P 330, 000 b. P 371, 000 c. P 495, 000 d. P 536, 000
Transcribed Image Text:2. Jerson, married, 15 dependents, had the following income within and outside the Philippines: Philippines Abroad Compensation Income 280,000 Rental income 50,000 100,000 Royalties-books 32,000 25,000 Domestic dividends 9,000 Foreign dividends 40,000 Compute his taxable income assuming she is a resident citizen. a. P 330, 000 b. P 371, 000 c. P 495, 000 d. P 536, 000 3. Compute his taxable income assuming she is a resident alien. a. P 330, 000 b. P 371, 000 c. P 495, 000 d. P 536, 000
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