Gabriela has the following income for the quarter
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Gabriela has the following income for the quarter: a. Professional income,
P80,000 b. Income from her business, P30,000 c. Compensation income,
P40,000 d. Interest income from bank deposit, P10,000. What amount of
income will Gabriela report in her quarterly income tax return?
P80,000
P110,000
P120,000
P150,000
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