Y received the following items of income during the taxable year: If Y is a resident citizen, how much is the total income subject to Philippine income tax? (Within means earned within the Philippines, without means earned outside of the Philippines). Within Without Business Income 400,000.00 200,000.00 Professional Fees 200,000.00 100,000.00 Rent income 600,000.00 200,000.00 Interest income 60,000.00 40,000.00 O P1,800,000 O P1,740,000 O P1,700,000 O P1,200,000
Y received the following items of income during the taxable year: If Y is a resident citizen, how much is the total income subject to Philippine income tax? (Within means earned within the Philippines, without means earned outside of the Philippines). Within Without Business Income 400,000.00 200,000.00 Professional Fees 200,000.00 100,000.00 Rent income 600,000.00 200,000.00 Interest income 60,000.00 40,000.00 O P1,800,000 O P1,740,000 O P1,700,000 O P1,200,000
Chapter25: Taxation Of International Transact Ions
Section: Chapter Questions
Problem 29P
Related questions
Question
![Y received the following items of income during the taxable year: If Y is a
resident citizen, how much is the total income subject to Philippine
income tax? (Within means earned within the Philippines, without means
earned outside of the Philippines).
Within
Without
Business Income
400,000.00
200,000.00
Professional Fees
200,000.00
100,000.00
Rent income
600,000.00
200,000.00
Interest income
60,000.00
40,000.00
O P1,800,000
O P1,740,000
O P1,700,000
O P1,200,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F44feeb4f-d477-40ae-93aa-9aa3f67d635f%2Fa7a95632-3534-4fa2-bd8b-615e489b4cef%2F2iwrk59_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Y received the following items of income during the taxable year: If Y is a
resident citizen, how much is the total income subject to Philippine
income tax? (Within means earned within the Philippines, without means
earned outside of the Philippines).
Within
Without
Business Income
400,000.00
200,000.00
Professional Fees
200,000.00
100,000.00
Rent income
600,000.00
200,000.00
Interest income
60,000.00
40,000.00
O P1,800,000
O P1,740,000
O P1,700,000
O P1,200,000
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