Income taxation by valencia chapter 5 (excluded from gross income)

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Ngày đăng: 28/02/2018, 08:40

... costs Nontaxable income P5,000,000 2,000,000 P7,000,000 800,000 P6,200,000 25 INCOME TAXATION 5TH Edition (BY: VALENCIA & ROXAS) SUGGESTED ANSWERS Chapter 5: Exclusion from Gross Income Note: The... Interest income from time deposit (P1,000,000 x 20%) Income tax paid by BBC Problem – 35 Compensation income (P5,000 x 10) P 150 ,000 200,000 P 350 ,000 P 50 ,000 Retirement benefits Salary earned Gross income. ..23 INCOME TAXATION 5TH Edition (BY: VALENCIA & ROXAS) SUGGESTED ANSWERS Chapter 5: Exclusion from Gross Income Problem –7 C Take home pay Nontaxable 13 th month pay Withholding tax Other income
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