Determine the taxable income

Assignment Help Business Economics
Reference no: EM133083042

An individual taxpayer provided the following information

Gross business income, Philippines 5,000,000

Gross business income, Canada 2,000,000Gross business income, Singapore 1,000,000

Business expenses, Philippines 3,000,000Business expenses, Canada 1,000,000

Business expenses, Singapore 500,000

Determine the taxable income as well as the tax due assuming:

1. The taxpayer is a resident citizen

Reference no: EM133083042

Questions Cloud

Develop software for the platform : When the Macintosh computer was introduced in 1982, Apple made it difficult for third-party software developers to develop software for the platform.
Critical Reading Assignment - news stories : What is the article's primary purpose? To inform, entertain, or persuade and Would you say it appeals primarily to the reader's emotions, morality, or logic
Distinguish between halal and haram : Distinguish between halal (allowable) and haram (not allowable) income and the definition of income from both conventional and Islamic economics.
The wizard of oz as a monetary allegory : Read and respond to the article "The 'Wizard of Oz' as a Monetary Allegory" by Hugh Rockoff. This article ties together the currency issues of the late 19th cen
Determine the taxable income : Determine the taxable income as well as the tax due assuming:
One-shot matching pennies : 1. For each of the games listed below, draw out the extensive form (game tree) of the game. Assume each decision node is a full information node, or that the pl
Values and assumptions of business : What are the values and assumptions of business?
How would the organisation resolve a grievance informally : Read the grievance policy statement. It states that the organisation will attempt to resolve the complaints as quickly as possible and support a fair and equita
Consumption function and equilibrium income : Given the following consumption function, disposable income levels and investment, calculate the consumption, savings, marginal and average propensities to cons

Reviews

Write a Review

Business Economics Questions & Answers

  Illustrating the volume and revenue

Suppose demand for flu vaccines is represented by the following equation: Q = 30,000 - (15 x P). Using Excel, upload a spreadsheet illustrating the volume and revenue for every $50 change in price from $0 to $1,000.

  Define a second utility function for the individual denoted

Let u(x, y) denote a utility function where x is the quantity of good X and y is the quantity of good Y consumed. Assume the quantities can take any value greater than or equal to zero and that the utility function has strictly positive marginal util..

  Impact of cheaper memory chips on the computer market

Refer to the graphs shown. The market is computers. Which graph best represents the impact of cheaper memory chips on the computer market?

  Changes affect the demand curve for acupuncture

How would each of the following changes affect the demand curve for acupuncture?

  Show the short and long run effects of a monetary expansion

Show the short and long run effects of a monetary expansion in this situation in the AD/AS model. You can omit the labor market and production function graphs and you may assume sticky prices for SRAS.

  The coconut oil demand function

The coconut oil demand function is Q=1,200-9.5PC+16.2Pp+0.2M where Q is the quantity of coconut oil demanded in thousands of metric tons per year, PC is the price of coconut oil in cents per pound, Pp is the price of palm oil in cents per pound, and ..

  Q1 suppose the supply of coal is perfectly inelastic and

q1. suppose the supply of coal is perfectly inelastic and the price elasticity of demand for coal is -0.4. if the

  The consumer product safety commission

The Consumer Product Safety Commission is reconsidering a rule it first proposed in 1997 that would require child-restraint caps on household products, including cosmetics. When the rule was first proposed, it was resisted by the cosmetic industry an..

  Argument with at least two pieces of evidence

Is the salary cap for NCAA athletes should be $0? Back up the argument with at least two pieces of evidence. Also provide two reasons supporting the opposite

  Describe the authors opinion

1. Describe the authors opinion. 2. Describe whether or not you agree with the author that the U.S. Dollar will remain the global currency?

  Think of paolos reasoning

Open a pizza restaurant and is considering either selling the bonds and using the 100,000 to start his restaurant or borrowing the 100,000 from a bank which would charge him an annual interest rate of 7 percent.

  Draw two yield curves in a graph

Draw two yield curves in a graph - one before and one after the policy change, and explain why

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd