Julia earned P300,000 in rendering services. His total expenses are 30%. His net income is? a. P120,000 b. P210,000 c. P80,000 d. P320,000
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Julia earned P300,000 in rendering services. His total expenses are 30%. His net income is? a. P120,000 b. P210,000 c. P80,000 d. P320,000
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- What her net income for this accounting question?Last year Sherlock had an annual earned income of S58,475. He also had passive income of $1,255, and capital gains of $2,350. What was Sherlock's total gross income for the year? a. $58.475 b. 559.730 c. 560 985 d.562.080The Aninem family has total assets of Php460,000 and total liabilities of Php186,000. Included in their total assets are monetary assets of Php47,000 and investment assets of Php253,000. What is the Aninem' investment assets-to-total assets ratio?Note: The Answer Should be 55%
- Shelby has net investment income of $ 15,035 and wage income of $65,000 . She paid investment interest expensive of $15,350. What is Shelby's deduction for investment interest expense?Bhupatbhai18 In preparing the Annual Income Tax Return of Nicanor, the following information were culled from his accounting records: Gross sales – Php 1,500,000 Cost of sales – Php 500,000 Gross Profit – Php 1,000,000 Operating expenses: Depreciation – Php 100,000 Rent Expense – Php 100,000 Repairs and Maintenance – Php 100,000 Salaries and wages – Php 100,000 Utilities Expense – Php 100,000 Other income: Cash Prizes – Php 100,000 Dividends from ABC Corp. – Php 100,000 Interest income from bank deposits – Php 100,000 Rental income – Php 1,000,000 In addition, you learned that Nicanor intends to sell a residential house and lot which he inherited from his father and 1,000 shares of stocks in…
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