Sia, a CPA, is employed as accounting professor in a University. On the side, she also provides accounting services to selected clients. One of these clients was so impressed with her that she was made a consultant for one of companies enganged in agri-business. For 2018, she received the following income: Salary form the University, net of CWT of P42,000 268,000 13th month pay received form the University 95,000 Monetized unused vacation leave credits (10 days) 50,000 Employee longevity award, tangible with monetary value of 10,000 Fees received as consultant, gross of 10% CWT 80,000 Professional fees from clients, net of 15% CWT 850,000 Damages won in a defamation suit filed against her ex-boyfriend 8,0000,000 Capital gains from the saleof jewelry bought in 2000 100,000 How much is Sia's taxable
Sia, a CPA, is employed as accounting professor in a University. On the side, she also provides accounting services to selected clients. One of these clients was so impressed with her that she was made a consultant for one of companies enganged in agri-business. For 2018, she received the following income:
Salary form the University, net of CWT of P42,000 268,000
13th month pay received form the University 95,000
Monetized unused vacation leave credits (10 days) 50,000
Employee longevity award, tangible with monetary value of 10,000
Fees received as consultant, gross of 10% CWT 80,000
Professional fees from clients, net of 15% CWT 850,000
Damages won in a defamation suit filed against her ex-boyfriend 8,0000,000
How much is Sia's taxable compnesation income?
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