114.5GX1:05ll Gıl KB/S0.7922 4docs.google.com/forms/d,26Untitled SectionRon, who died during the year, has the following income in 2019:Proceeds of life insuranceDeath benefits received from SSSSeparation benefit from employer(redundancy)Salary accruing before deathP 1,000,000200,000800,00050,000Compute the total exclusion from gross income.P1,000,000P1,200,000P2,050,000P2,000,000All of the following except one areinherent limitations of taxation.Which one is it? *

Total exclusion from gross income = P1,000,000+P200,000+P800,000 = P2,000,000

Ron, who died during the year, has the following income in 2019: Proceeds of life insurance Death benefits received from SSS Separation benefit from employer(redundancy) Salary accruinq before death P 1,000,000 200,000 800,000 50,000 Compute the total exclusion from gross income. P1,000,000 P1,200,000 O P2,050,000 P2,000,000

Ron, who died during the year, has the following income in 2019: Proceeds of life insurance Death benefits received from SSS Separation benefit from employer(redundancy) Salary accruinq before death P 1,000,000 200,000 800,000 50,000 Compute the total exclusion from gross income. P1,000,000 P1,200,000 O P2,050,000 P2,000,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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