Lenj leases a building to a client. During the year, he received the following remittance from the lessee: Rental, net of 5% creditable withholding tax Real property tax of the leased building Reimbursement for utilities used by the lessee paid by Lenj P1,900,000 50,000 200,000 How much will be included in his gross income subject to regular tax? 2,050,000

Lenj leases a building to a client. During the year, he received the following remittance from the lessee: Rental, net of 5% creditable withholding tax Real property tax of the leased building Reimbursement for utilities used by the lessee paid by Lenj P1,900,000 50,000 200,000 How much will be included in his gross income subject to regular tax? 2,050,000

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter4: Income Exclusions

Section: Chapter Questions

Problem 76IIP

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