2018 2019

Compensation income, net of payroll deductions

650,000.00 800,000.00
(Payroll deductions: SSS- 12,000, PHIC- 5,000, Pag-Ibig-6,000, Union Dues-2,500, Withholding tax-32,000)

Income from buy and sell business (net of withholding) 450,000.00 350,000.00

Share of net income from a taxable partnership 900,000.00 1,200,000.00

Share in net income from law firm 350,000.00 540,200.00

Income from bribery 230,600.00 340,500.00

Prizes from Mr. World Philippines 2018 1,500,000.00 -

Prizes from Mr. World 2019 - 2,000,000.00

"Lawyer of the Year" award 100,000.00 300,000.00

Proceeds of life insurance from deceased grandmother 200,000.00 200,000.00

Friendship Gift 60,000.00 50,000.00

Dividends received from Resident Foreign Corporation 90,000.00 110,000.00

(65% of income came from the Philippines from 2017 to present)

Dividends received from Resident Foreign Corporation 75,000.00 65,000.00

(75% of income came from the Philippines from 2015 to present)

Interest from proceeds of life insurance 50,000.00 75,000.00

Amounts received as rewards for giving information instrumental in the discovery of violation of the Tax Code and seizure
of smuggled goods 500,000.00 900,000.00

Interest income from loan receivable 25,000.00 30,000.00

Royalties from musical composition:

From the Philippines 60,000.00 75,000.00

/etd
 from USA 35,000.00 69,000.00

Royalties from literary works (soft copies) 60,000.00 78,000.00

Dividends received from domestic corporation 96,000.00 90,000.00

Separation pay after resigning from the company - 50,000.00

Rent income (net of withholding)
the Real Property Tax for 2018 and 2019 = paid by the lessee amounting to 40,000 each
leasehold improvement made by the lessor (January 1, 2018 - 900,000 with estimated life of 10 years, lease term 5 600,000.00 550,000.00
1/2 years starting 2017

Income from SPA business (net of withholding) 360,000.00 840,500.00

Prizes from South East Asian Games - 60,000.00

Prizes from dancing competition 8,000.00 20,000.00

Winnings from PCSO 6,000.00 500,000.00

Winnings from Korean lotto 50,000.00 -

winnings from raffle 5,000.00 10,000.00

Contributions to PERA 50,000.00 50,000.00

Sale of commercial land (cost-900,000) 2,000,000.00 -

Sale of Capital Assets

Principal Residence 6,000,000.00 8,000,000.00

2018-The taxpayer bought a new principal residence worth 5,000,000 two months after the date of sale (cost-3,000,000)
(cost-
2019- the taxpayer bought another principal residence worth 10,000,000 one month after sale 6,000,000)

Residential Land (cost-2,000,000, acquired in the year 2015) 4,000,000.00

/etd
 Diamond Ring (cost-20,000, acquired in the year 2016) 25,000.00

Sale of shares direct to buyer (cost -400,000, acquired 2012) 600,000.00

Sale of shares direct to buyer (cost -250,000, acquired 2017) 350,000.00

Sale of shares thru PSE 600,000.00 400,000.00

Laptop (cost-30,000, acquired in the year 2018) 10,000.00

Bag (cost-50,000, acquired year 2014) 60,000.00

Cellphone (cost-17,000, acquired 2017) 22,000.00

Television (cost 40,000, acquired 2016) 60,000.00

Sale of vacant lot (downpayment-500,000, installment of 400,000 years thereafter, cost-1,300,000, mortgage-1,400,000) 2,500,000.00

Sale of diamond hearings (downpayment-20,000, installment of 20,000 every dec 31 starting 2018) 200,000.00
Others

securities becoming worthless (20,000.00)

withdrawal of investment In a partnership (cost-40,000, year 2012) 100,000.00

Allowable deductions (950,000.00) (1,200,000.00)

/etd