How much would be gross taxable income for year

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Reference no: EM132700781

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.

Problem 1: 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: EM132700781

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