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7:12 * 90 docs. google.com/forms, 9 1 Exercises-Intro to Income Tax (MM S2) * Required 1. Sarah has the following items of income: Refer to this table for items A-D: Philippines 200,000 100,000 400,000 300,000 30,000 Abroad Business income Professional fees Compensation income Rent income Interest income 100,000 50,000 200,000 40,000 A. Assuming she is a resident citizen, how much is the total income subject to Philippine income tax? * Your answer B. Assuming she is a resident alien, how much is the total income subject to Philippine income tax? * Your answer C. Assuming she is a resident corporation, how much is the total income subject to Philippine income tax? * Your answer D. Assuming she is a domestic , how much is the total income subject to Philippine income tax? * Your answer

7:12 * 90 docs. google.com/forms, 9 1 Exercises-Intro to Income Tax (MM S2) * Required 1. Sarah has the following items of income: Refer to this table for items A-D: Philippines 200,000 100,000 400,000 300,000 30,000 Abroad Business income Professional fees Compensation income Rent income Interest income 100,000 50,000 200,000 40,000 A. Assuming she is a resident citizen, how much is the total income subject to Philippine income tax? * Your answer B. Assuming she is a resident alien, how much is the total income subject to Philippine income tax? * Your answer C. Assuming she is a resident corporation, how much is the total income subject to Philippine income tax? * Your answer D. Assuming she is a domestic , how much is the total income subject to Philippine income tax? * Your answer

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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7:12 * O 90 docs. google. com/forms, 9. 1 Exercises-Intro to Income Tax (MM S2) * Required 1. Sarah has the following items of income: Refer to this table for items A-D: Philippines 200,000 Abroad Business income 100,000 Professional fees 100,000 50,000 |Compensation income Rent income 400,000 300,000 30,000 200,000 40,000 Interest income A. Assuming she is a resident citizen, how much is the total income subject to Philippine income tax? * Your answer B. Assuming she is a resident alien, how much is the total income subject to Philippine income tax? * Your answer C. Assuming she a resident corporation, how much is the total income subject to Philippine income tax? * Your answer D. Assuming she is a domestic , how much is the total income subject to Philippine income tax? * Your answer Вack Next Never submit passwords through Google Forms. This content is neither created nor endorsed by Google. Report Abuse - Terms of Service - Privacy Policy Google Forms
Transcribed Image Text:7:12 * O 90 docs. google. com/forms, 9. 1 Exercises-Intro to Income Tax (MM S2) * Required 1. Sarah has the following items of income: Refer to this table for items A-D: Philippines 200,000 Abroad Business income 100,000 Professional fees 100,000 50,000 |Compensation income Rent income 400,000 300,000 30,000 200,000 40,000 Interest income A. Assuming she is a resident citizen, how much is the total income subject to Philippine income tax? * Your answer B. Assuming she is a resident alien, how much is the total income subject to Philippine income tax? * Your answer C. Assuming she a resident corporation, how much is the total income subject to Philippine income tax? * Your answer D. Assuming she is a domestic , how much is the total income subject to Philippine income tax? * Your answer Вack Next Never submit passwords through Google Forms. This content is neither created nor endorsed by Google. Report Abuse - Terms of Service - Privacy Policy Google Forms
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