Mr, Deni Kintanar a resident ci
t cit
stock of Ayala Company nt citizen of the Philippines sold directly to
as P312.800 and the eos eeniae caste held as capital asset, Dee
sto n Miguel Co; E 000. He also-sold directly to a bi i
capital asset. The Selling poration another domestic Seca the pel ernie
the capital gain tax? was P175,000 and the cost was P187,500. ‘How seers
+900. much isic iazon, si i ;
y Rogelio Ou Ingle, resident citizen of the Philippines had the following data for the current
Gross income from trading business.
: 7 1,000,000
Expenses and losses in the trading business. 562,500
Winnings in a raffie.. 125,000
Prize won in a contest. 8,000
Dividend from Ayala Corp. a domestic corporation 25,000
Interest on Philippine currency bank deposit. + 15,000
juired: . .
Determine the income tax due on business income at the end of year
Determine the final tax on passive income of the taxpayer.Illustration 9 7
Mr. Menard Oberes, a resident citizen of the Philippines had the following income items:
Interest on Philippine peso savings deposit in Allied Bank.
12,500
Interest on Philippine peso time deposit with maturity af five years 37,500
Interest on U.S. dollar deposit in Banco De Oro (under the expanded foreign
currency deposit system)... . 1 6,250
Royalty from book copyrighted in the Philippines. 18,750
Dividend from a domestic corporation 25,000
The computation of the total final withhnldinn tavae an nacciva ineama is as follows:ur. Igor Hawryszkiewyez married with one-year old sop is a citizen of Australia. He stayed in the
Philippines for two Mons only. During his stay in the country he incurred some transactions which
yave him an income an related expenses. Data on the income and expenses follow:
Gross income, Australia. 1,300,000
Gross income, Philippines. 425,000 ,
Expenses related to the income, Australia. 670,000
Expenses related to the income, Philippines. 75,000
Interest on dollar deposit with BPI... 48,000
Capital gain on direct sale to buyer of shares of a domestic
corporation. « 82,000
quired: .
ompute the final withholding taxes.Mr, Yasuhiro Misake, & Japay oe
philippines for two Years, nas six quale working as a president of a multi-national company in the
data for a calendar year: fied dependent children all living with hi
ving with him. He had the following
SalarieB.. ee...
Biden from 2 domestic Corporation... m0 000
Capt! gan corperet Sale to buyer of shares of stock ‘
of dome 1 seceseseee
interest on foreign currency deposit system.
Required:
t. Calculate the income tax due
2 Calculate the final withholding tay cn cee arable compensation income,
3. Calculate the capital gain tax esis cone Mae