qa eles ed lest fa te Gras yy, Beret ane uy teal, part ex6me oe camsaecerat nM ey nc Sig Sn tre 3 seer ari, merry ore ach Be err eet mt, tle swaré was slated wit any atone, ‘ro ener the contest ot procaoding. «4 Tanna ze des not exceed P10, 000 {8 Which tn owing income dvd from win the Philipines by (A teal snot utes oe ates in Secon 24(A) of ‘ax Cate? Salary receives by a managing partner ofa genera ‘roesconlpatersh. pmo sume inte fom of prize won in a rate ‘arauning P4000. Aan tom ase his personal computor as miselaneais nce oa payer who aso @ compensation income 4. gan on se fa al property not used in business 40. Site rcv te folowing pies and winnings: ‘Cosh ae a Finy ig Brother winner 2.000000 House ac Lot won as PBB Big winner 3.000080 Pippen wings sagan, ‘Gambing wininge 3.00008" How much she taxable winnings and prizes? & riscona «©, P13,000,000 r <6. P8,000,000 76 Exercises ~ Incle c “im ses fa Gj ‘eon fom Gris Income ton of detains Eaton pues wich 41 Ua respect ofogivenase of en Mn strep ern ofa hate canes 1 Wve covered nae meee ser in. fe sete sora sean nan 3 Sethoker ota conor epveness ot a. Tony “cron aed Sroon Ce att” «42, We of the folowing wi rau oa a. wien he owing wil osu earings tne bye dato? Gancetaon ot xsing aaes mn ay rac! {Cancaaton a ent pyatles sei creator ina pyales forsee ence oe , Cancelaton of extn pays feet be encelton ot xing ays tte equa CCancelaten of exit payabie ue barkupy a icy te [EXCLUSIONS from the Gross income {©The law excludes somo o he tn lie fom aon ‘The wansformaton some tans ol acome na eesnomie ‘re rok essay teres of nor rer he taxpayer. b. Thea or tety proves at ey ot trabe, Som of hse tas a strum of a %. Alottne stove 44, ich of he ftoning is tax income? Income dared by goal ubasion ofthe govermant Income dered by lregn goverment inthe Pipines. Boh" ana". Neither" nor" Proceeds of Life Insurance SS ners ponert ru proceeds cf wsrce ae rtiaabe because Te) a ethene eu nat was et (aia ich among he Toning al pon Proceeds of ie nsiane® vee i. Procneds of acento haath sa aalasions | Ete Eauris ve om Gn, propery nsrance Pree & Prsoos ot ecded rom goss tone inane 6 en among emtane aca bY 8 ulin or 2 a arc ir cant sc Payer Shean a ee aati he hee trey » Seirerararnct om peed orae acon ene : apo ter Smee isn pres tse teeta Prato of his life insurance paid at an annual 2.03. etna Feira cs aaten gman Feat peat cas seen oo entncone rom noted properbos ‘moe Farncamo tan purposes, how much ofthe above erste Facuded inns oss come? yer 200000 200.000 5 Pr200000 6 P1.825.00 Deviees {2 vinsvof fe folnngstatments regarding of, bequest and cvs ‘shout Bogue ate is of personal property IL Doves oe ts of real propery. I Bequts ane devise take elec upon death ofthe do: IV. Boqusts ae devies ae usualy embodied in a ast wilré tester, Bequests and evens are subject io estate tax ‘tony Al f the above B Nena Voy 4. None a the above 49,1 te along mayb exe a get cone taxpayer? : 2 "cae dered to bequest and doves © eo ees ote ewe pce. its eceved tora domotecoraon 4. None of the above. ‘omen 37 eros Indep, ines fm Gs Ju te ee hatanammes ston #50.000000, Na re heal ; i Eupanscunn Bea miter Pst ea pores) a pe omer ieome ‘V._Alienaton of aftecion 52. Tha folowing are exes nora camper acept 2 Actal damages nus sutere. 3 Compensaory araos urea rats © Moral damages rg ania yal sulengs & Examolary davon. 58, The following are aati congas fr nurs, erent ines tment sone . Compenstay bcs ._Damuges fora of ods andar beboonas. (6. Damages for usta pets cera pti 28 mich sane cn 54 chs id case abt 20 ‘asd ei of P0000 for hah wa enn Snot Fa tat cut; eliva/Eeies fre Gon p Faenises ~ Ie sonny PD, Santee rte ag Pt a aa 2s ene Sree ee Soc "The taxable neo ‘¢. P1,500,000 F etka poo en ofa. Te ec rao ee ea ey © feng tented Natons asne in 1 ae 2 ar nots eres Un ate. ee tee eae needy aon Se ert seo tig eo, See cette one Fane Sse hs on anes. ¢ Smee ss When among te falling are oxaplesoncome a ae xeng orricome lary etn of spe ws? re sg tert ve become due under Unis Perr eran Administ ae ot Incuded nthe rsx 2M recone rm or enjoyed under he Soci Seury yen (55) ae na ncea nthe goss income c. Bloois ecsod tom the GSIS welding retirement ahi recov by goverment oils and employees sr ot ‘etaedin we goss come. 4, Biot above 57. Te ype nce sujet Phiipine income tax are 2 flows, except 2 Compensatn income eames by an mployee came fom he pracice of profession linea om he sl, trough te stock exchange, of shat of stocks of domes corporation 4 Copal gains rom dealings capa assets Income derived bythe government and its poles! subdivision 58: Which of te flowing income ceived by foreign governments Faring ston ownes, conoted or enjoying refinancing Fa ‘orig goverment nd riomational or regional fnanc ins Fes — hailey fom Gras he ay pt Corporations an Coopraties Este flowing we comers B. Govenmont amet ant 2 cBkregumesaa &, Sovommentsdate one 60, CDA ragiters cooperative 3 Income om busres ssc wi on tanta Inert icome tm deny ok Income fom bares osace wt enters 61 EduationalFounten sa nn sck, oro svat ‘run Whi 4 oni ser ml ore™ Tis examin tom gaan tne on even ‘derived Wor eaucaora cite Ms subject toincame tn on came ded fom bushes Income usted austen aches Merete whol same xc salons ofits employees Tetacenampion dts otc whinge.