Compute for the gross ta income of Dapitan below
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
10.
Transcribed Image Text:Compute for the gross taxable
income of Dapitan below:
Royalty income from books &
literary works - P 45,000
Interest income from deposits -
P35,000
Interest Income from foreign
deposits - 1,500@P55/1
Salaries from teaching profession
- P 3,500,000 (includes fringe
benefits of P500,000)
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