Assuming Emman is a resident alien, compute the total income subject to Philippine income tax. * Emman has the following items of income: Philippines P 200,000 100,000 400,000 300,000 20,000 30,000 Abroad P 100,000 Business income Professional fees 50,000 Compensation income Rent income 200,000 30,000 10,000 Interest income-bank Royalty P1,180,000 O P1,000,000 O P1,420,000 O P1,390,000
Assuming Emman is a resident alien, compute the total income subject to Philippine income tax. * Emman has the following items of income: Philippines P 200,000 100,000 400,000 300,000 20,000 30,000 Abroad P 100,000 Business income Professional fees 50,000 Compensation income Rent income 200,000 30,000 10,000 Interest income-bank Royalty P1,180,000 O P1,000,000 O P1,420,000 O P1,390,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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