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Compute the total income subject to Philippine income tax

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Reference no: EM133121188

Question - Sarah is a resident citizen, and the table below shows Sarah's income

 

Philippines

Abroad

Business income

200,000

100,000

Professional fees

100,000

50,000

Compensation income

400,000

Rent income

300,000

200,000

Interest income

30,000

40,000

Required -

1. What is the total income of Sarah which is subject to Philippine income tax.

A. P390,000

B. P1,080,000

C. 1,030,000

D. 1,420,000

2. In relation to the preceding number, assuming that Sarah is a resident alien, compute the total income subject to Philippine income tax.

A. P390,000

B. P1,080,000

C. 1,030,000

D. 1,420,000

Reference no: EM133121188

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