Han Geu Ru, a resident alien, made the following donations during theyear: *DONATIONTotal net giftsDonor's tax paidPHILIPPINESPheSOUTH KOREA300,000 Phe 200,000 Phe 1,000,0005,000JAPANТOTAL500,000 Phe15,00021,00041,000Compute the donor's tax payable of Han Geu Ru based on the above donations.PhP 11,500PhP 26,500O PhP 45,000O other:

Donors tax refers to the form of tax which is levied on the donations or gifts and it is imposed on…

Han Geu Ru, a resident alien, made the following donations during the year: * SOUTH KOREA DONATION Total net gifts Donor's tax paid PHILIPPINES Phe 500,000Phe 15,000 JAPAN 300,000 Phe 200,000 Phe 1,000,000 21,000 ТOTAL 5,000 41,000 Compute the donor's tax payable of Han Geu Ru based on the above donations. O PhP 11,500

Han Geu Ru, a resident alien, made the following donations during the year: * SOUTH KOREA DONATION Total net gifts Donor's tax paid PHILIPPINES Phe 500,000Phe 15,000 JAPAN 300,000 Phe 200,000 Phe 1,000,000 21,000 ТOTAL 5,000 41,000 Compute the donor's tax payable of Han Geu Ru based on the above donations. O PhP 11,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Philippine Estate tax (Currency in Peso) Leno (married) had the following at the time of his death: Calculate the: a. Net taxable estate; b. Estate tax; c. Net distributable estate
2. How much is the donor's tax In January 2018, Don Nor donated commercial land to his second cousin. The value in the tax declaration is P2million pesos while the zonal value is P1.7million pesos. 102,000 O 120,000 87,000 O 105,000
An individual taxpayer had the following results of operations during the period Philippines Japan USA Gross income P1,000,000 P1,500,000 P2,500,000 Deductions 400,000 600,000 1,000,000 Net Income 600,000 900,000 1,500,000 Taxes Paid 150,000 200,000 500,000 Determine the tax payable or overpayment if: The foreign The taxpayer is income tax paid is Resident citizen Resident Alien claimed as (1) (2) 1. Tax Expense (3) (4) 2. Tax Credit
The executor of Niel, a Canadian in the Philippines, provided details of his properties in correction with the processing and payment of his estate tax: Philippines Canada Gross Estate 5,000,0000 10,000,000 Allowable deductions 5,000,000 5,000,000 Net estate 0 5,000,000 Estate tax paid Php 200,000 How much is the allowable Estate tax payable?
49-Basma earns £60,000 each year and makes a payment of £2,500 (net) to the gift aid donations. Which one of the following is an extended basic rate band for the year 2019/20 as per the UK tax laws? O a. £40,600 O b. £40,625 O c. £37,500 O d. £3,125
If Mr. Vavalu is a non-resident citizen, how availed optional standard deduction how much is his income tax due for the year 2023?
show complete and proper solution
Income Taxation in Philippines: Answer numbers 1, 2, and 3
In this question the income tax calculated how was it found? what is the transactions? help please
61. Nicanor made the following donations to his children in 2021: To Jose - Agricultural land in Nueva Ecija (Zonal value Php 5 Million; Assessed value Php 4 Million) made on January 31, 2021. To Boni - New car worth Php 5 Million made on Marc 22, 2021 To Goyo - Cash in the amount of Php 5 Million made on April 19, 2021 How much is the donor’s tax to be paid on Janaury 31, 2021? Answer:________________
The taxpayer is a resident citizen. Compute for the taxable income subject to REGULAR income tax given the following: