Reference no: EM132643740
Question - Sarah has the following items of income:
Philippines Abroad Business Income P200,000
Philippines P100,000
Abroad Professional fees 100,000
Philippines 50,000
Abroad Compensation income 400,000
Philippines Abroad Rent income 300,000
Philippines 200,000
Abroad Interest income 30,000
Philippines 40,000 Abroad
Required -
1. Assuming Sarah is a resident citizen, compute the total income subject to Philippine income tax.
2. Assuming Sarah is a resident alien, compute the total income subject to Philippine income tax.
3. Assuming Sarah is a resident corporation, compute the total income subject to Philippine income tax.
4. Assuming Sarah is a domestic corporation, compute the total income subject to Philippine income tax.
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