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How much will be the total gross annual income of husband

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Problem 1: A resident alien couple with two (2) dependent children. The husband receives an annual salary of P652,000, living allowances of P100,000, and a housing benefit of P300,000 (100%). His wife receives P68,000 from her teaching profession. The husband receives the following: gross dividend income from investment in shares of stock of a domestic corporation, P10,000; interest from a peso bank account, P20,000; capital gain on sale of shares, P5,000; and taxes withheld by the employer of the husband at P118,000 and by the employer of the wife. How much will be the total gross annual income of the husband and wife?

Reference no: EM132901170

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