Income Tax on Individual

Instructions:
To maintain the uniqueness of each given amount, follow the amounts to be added to the gross income. The
reference amounts to be added to the problem are as follows:
A-E = (+2049)
F-K = (+2507)
L-R = (+3002)
S-Z = (+4036)
Take the first letter of the first name and the first letter of the last name. That is the number or amount to be
added to the gross income for each problem.

Example: Marco Kalubay

M = 3002
K = 2507

Given Gross income (30,000), the new Gross income will become 35,509. The new Gross income will be used
for the computation.

1. A minimum wage earner, who is not engaged in business nor has any other source of income other
than from employment, earned a total compensation income of P 135, 000. The taxpayer contributed
SSS, Philhealth, and Pagibig totaling P5,000. and received 13th month pay of P 11,000.00.

2. Mr. Morales operates a convenience store while she offers bookkeeping services to her clients. in
2021, her gross sales amounted to P800,000, in addition to her receipts from bookkeeping services of
P300,000. She already signified her intetion to be taxed at 8% income.

3. Mr. Dunio, failed to signify her intention to be taxed at 8% income tax rate on gross sales in her initial
quarterly income tax return, and she incurred cost of sales and operating expenses amounting to P
600,000 and P 200,000, respectively, or a total of P 800,000.

4. Ms. Barte operates a pharmaceutical store and offers tax preparation services to her clients. In 2023, her
gross sales amounted to P 900,000, in addition to her receipts from tax preparation services of P 300,000.
Use the tax table plus 3% percentage tax.

5. Mr. Xien, a prominent business owner selling calculators, signified his intention to be taxed at 8% income
tax rate on gross sales in his 1st quarter income tax return. He has no other source of income. His total
sales and cost of sales are as follows:

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

Sales P500,000 P500,000 P2,000,000 P3,500,000
Cost of sales 300,000 300,000 1,200,000 1,200,000
Operating expenses 120,000 120,000 480,000 720,000