Compute for the taxable income and tax due of the following:

1. Mr. A had a gross taxable compensation income of P400,00. She also earned an additional
P2,000 by investing her money in time deposits plus P3,000 interest income from lending money
to a friend.
2. Mr.C had a business net income of 300,00. She also earned 3,000 commission from selling load
and 12,000 dividends from a domestic corporation.
3. Mr. P earned a total gross receipts of P800,000 and paid 300,000 in expenses in his accounting
practice. During the same year, he also earned a total of P60,000 net gain from the sale of
domestic stocks directly to a buyer. He also disposed a vacant lot at a net gain of P140,000.
4. Mr. M earned a gross compensation income of 200,000, exclusive of 20,000 non taxable
compensation income and gross business income of 500,000 before expenses of 200,000. He
also earned book royalties of 10,000 and 8,000 interest income from client’s promissory notes.
He has personal expenses of P170,000 during the year.
5. Mr. Bangul earned a compensation income of 120,000 and net income from business of
300,000. He earned 8,000 prizes from a dancing competition and 45,000 royalties from his
musical composition. Mr. B has 150,000 personal expenses.
6. In 2020, Mr. B eanred 450,000 compensation income but incurred 120,00 net loss in her
business.
7. Mr. G , with a 75,000 personal exemption had the following date in 2020:

Philippines Abroad
Gross income from sales 4,000,000 6,000,000
Interest income on deposits 40,000 80,000
Less: Deductions 2,000,000 3,600,000