Find how much would be his gross taxable income for year

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Reference no: EM132727902

Problem 1: During 2018, Mr. Dongdi Perio, a Filipino citizen, worked and earned P200,000 in Saudi Arabia. Before the end of year 2018, he returned to the Philippines and earned P80,000 salary from his employment here. How much would be his gross taxable income for year 2018 as basis for Philippine income tax computation under each of the following independent assumptions?

Assumption 1:

Mr. Perio went abroad on January 2018 and returned to the Philippines on March 2018.

Assumption 2:

Mr. Perio was in Saudi Arabia since June 2017 and returned to the Philippines on March 2018.

Assumption 3:

Mr. Perio went to Saudi Arabia on March 1, 2018 and returned to the Philippines on December 5,

Reference no: EM132727902

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