Solution-Compute the total income subject to income tax

Compute the total income subject to income tax

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Reference no: EM132858831

Question - Kendrick received the following items during the year:

P200,000 donation from a girlfriend

P100,000 service fee from professional services

P300,000 inheritance from his deceased father

P100,000 income from illegal gambling

P50,000 gain on sale of his personal car

P250,000 profits from his bar restaurant

Required - Compute the total income subject to income tax?

Reference no: EM132858831

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Compute the total income subject to income tax

Reference no: EM132858831

Reference no: EM132858831

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