Indicate if Inclusion or Exclusion in Gross Income the following Items

1. De minimis benefits
2. SSS, PHIC, HDMF contributions
3. Professional Fees
4. Commissions
5. Income of Minimum wage earner
6. Prepaid Rental
7. Income from Active Royalty
8. Prizes from contest above 10,000
9. Lotto Winnings
10. Prizes from SEA Games
11. Interest in Banks
12. Dividend from Foreign Corporation
13. Share on Net income from General Professional Partnership
14. Claim on Life insurance of the descendent
15. Claim on insurance from a destroyed property
16. Prizes from contest below 10,000
17. Royalty Income from outside the Philippines
18. Interest on the Insurance Premiums paid
19. Income from gambling
20. 13th month pay

Problems
Problem 1
SEA, an individual, had the following income for the year 2023:
Compensation Income, net of deductions 200,000
Deductions:
HDMF Contribution 3,000
HDMF Loans 4,000
PHIC Contribution 4,400
SSS Contributions 5,100
SSS Loans 3,500
Union Dues 2,000
Company Loan 4,100
Other Income
Commission from sale of Inventories 50,000
Rental Income 75,000
How much is the gross income of SEA for the year 2023?

Problem 2
Mai, an individual, earns the following income for the year 2023:
Rental Income 250,000
Prepaid Rental received on 2023 75,000
Prepaid Rental received on 2024 50,000
Security Deposit received on 2023 20,000
Security Deposit received on 2024 30,000
No security deposit was applied for the year 2023. How much is the gross income for the year 2023?
Problem 3
Case, a minimum wage earner, have the following income for the year 2023:
Compensation income, net of deductions 300,000
Deductions
HDMF Contribution 2,000
PHIC Contribution 1,500
SSS Contributions 3,300
Union Dues 1,000
13th month pay 20,000
Christmas bonus 15,000
Proceeds from life insurance received as a beneficiary 500,000
How much is the gross income for the year 2023?

Problem 4
ABC company earns the following income for the year 2023
Sales 1,000,000
Cost of Sales 300,000
Other Income:
Rental Income on office spaces 400,000
Rental Income on parking lots 50,000
Interest received from receivables to 5,000
suppliers
Royalty 20,000
How much is the gross income for the year 2023?

Problem 5
GAMING company has the following income for the year 2023
Sales 2,500,000
Cost of Sales 1,000,000
Other Income
Rental Income 300,000
Royalty 115,000
Dividend from Domestic company 80,000
Dividend from Foreign company 75,000
Interest from bank 10,000
Interest on receivables to employees 3,000
Prize won on tv contest 15,000
Lotto Winnings 3,000,000
How much is the gross income for the year 2023?