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How much is the total taxable and non taxable income

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Reference no: EM133091562

Question - Mr. Jodie San Diego, is a private employee (resident citizen) had the following remuneration and various income in 2019:

Gross compensation income P450,000

Personal and living expenses 80,000

SSS premiums contribution 3,600

Philihealth contributions 2,400

Pag-ibig contributions 2,000

Union dues 1,000

Fixed RATA 12,000

Cost of living allowance 24,000

13 th month pay 28,000

Christmas gift 5,000

Laundry allowance (P500/ month) 8,000

Dividend income from a domestic corporation 10,000

Interest income from bank deposits 2,500

Business income 200,000

Capital gain on sale of personal car 20,000

Capital gain on the sale of stocks directly to a buyer 40,000

Dividend income from a foreign corporation 15,000

Sale of land with fair value of (personal) 15,000,000

Prize as most outstanding citizen for the year 100,000

Prize in a raffle 7.500

Required -

1. How much is the total taxable and non taxable income?

2. Identify the Taxable, Non taxable and Taxable non-business.

Reference no: EM133091562

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