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Compute the total income subject to income tax for clyde

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Reference no: EM133003451

Clyde 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

Problem 1: Compute the total income subject to income tax.

Reference no: EM133003451

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