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Compute the total income subject philippine income tax

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Reference no: EM132976868

The following are the Income items of Dr. Wednesday:

Business Income

Philippines: P200,000 Abroad: P100,000

Professional Fees

Philippines: P100,000 Abroad: P50,000

Compensation Income

Philippines: P400,000 Abroad: ---

Rent Income

Philippines: P300,000 Abroad: P200,000

Interest Income

Philippines:P30,000 Abroad: P40,000

Problem 1: Compute the total income subject Philippine income tax, assuming that Dr. Wednesday is a resident citizen. (If decimal, round off to 4 decimal places)

Reference no: EM132976868

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