Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
2C 12 C 22 D
3C 13 D 23 B
4A 14 C 24 D
5A 15 D 25 B
6A 16 D 26 B
7D 17 A 27 E
8A 18 BONUS 28 C
9D 19 BONUS 29 A
10 B 20 E 30 F
Problems
36 D 46 23,100.00 56 139,500.00
37 D 47 85,400.00 57 600.00
38 D 48 6,292,000.00 58 37,600.00
39 C 49 6,000,000.00 59 116,400.00
40 E 50 62,900.00 60 156,400.00
41 D 51 zero 61 1,592,211.69
42 B 52 69,000.00 62 120000
43 C 53 10,000.00 63 110500
44 D 54 229,411.76 64 1,817,591.51
45 D 55 24,411.76 65 1,713,056.36
31 C Theories 1pt each 35
32 D Problems
33 B #s 36 to 45 2pts each 20
34 D #s46 to 70 3 pts each 75
35 D Total 130
66 25,582,718
67 576,000
68 1,893,750
69 zero
70 255,807.00
36 Salaries & Wages 681,200.00
Tax Withholding 134,800.00
Total fixed monthly allowance 60,000.00
Net Compensation Income 876,000.00
43 Philippines 1,000,000.00
Bangladesh 600,000.00
Russia 400,000.00
Net Taxable Income 2,000,000.00
Tax Rate 30%
Philippine Income Tax Due 600,000.00
Tax Credit
Foreign Tax (300,000.00)
1st 3 quarters (110,000.00)
Tax Still Due 190,000.00
Limit: Bangladesh
180,000.00 actual 250000
Russia
120,000.00 actual 120000
300,000.00
50,000.00
100,000.00
(100,000.00)
-
46 Basic Gross Salary
Cost of Living Allowance
Social Security System Contribution
Home Development Mutual Fund Contribution
Philippine Health Insurance Corporation Contribution
Personal Equity Retirement Account Contribution
Net Taxable Compensation
Tax Due
Tax Credit
from PERA
withholding tax
Income Tax Refundable
47 Sale of goods
Sales discount and allowances
Sales returns
Cost of Goods Sold
Gross Income
Operating Expenses
Interest Expense
Other Income
Interest income from promissory note
rent income
Net Taxable Income
Tax Rate
Regular Income Tax Due
51
Gross Sales
Cost of Sales
Gross Income
Other income
Dividend - RFC
Interest Income on Notes
Capital Gain
Capital Loss
Ordinary Loss
NOLCO
Net Taxable Income
Tax Due
53
Salary and allowances
Teaching salary
Total
Tax Due
Tax credit
Tax still due
540,000.00 13th month pay 45,000.00
240,000.00 14th month pay 45,000.00
(24,000.00) Total 90,000.00
(1,200.00) Exempt (90,000.00)
(2,400.00) Excess 13th month pay and other benefits -
(100,000.00)
652,400.00
93,100.00
(5,000.00)
(65,000.00)
23,100.00
6,000,000.00
(300,000.00)
(200,000.00)
(2,000,000.00)
3,500,000.00
(4,000,000.00)
(85,150.00)
200,000.00
570,000.00
184,850.00
55,455.00
85,400.00
(60,000.00)
25,400.00
3,000,000.00
2,250,000.00
3,750,000.00
6,000,000.00
140,000.00 - 100,000.00 -
28,000.00 16,400.00 50,000.00 35,000.00
- 13,000.00 - 15,000.00
- - - -
(1,475,000.00) (1,115,000.00) (1,500,000.00) (3,300,000.00)
(407,000.00) 354,400.00 (350,000.00) 150,000.00
(354,400.00) (1,500,000.00)
(407,000.00) 708,800.00 (350,000.00) 1,650,000.00
Husband Wife
752,000.00
68,000.00
752,000.00 68,000.00
118,000.00 -
-108000
10,000.00
De Minimis Benefits Exempt Excess
Uniform and Clothing allowance 10,000.00 6000 4,000.00
Productivity Bonus 20,000.00 0 20,000.00
Total 30,000.00 6,000.00
Exempt Excess
Monetized un 30,000.00 25,000.00 5,000.00
Rice Subsidy 35,000.00 24,000.00 11,000.00
Uniform allo 3,000.00 3,000.00 -
Achievement 32,000.00 10,000.00 22,000.00
Anniversary G 18,500.00 5,000.00 13,500.00
Medical Assis 22,350.00 10,000.00 12,350.00
Laundry Allo 5,000.00 3,600.00 1,400.00
Productivity 12,650.00 - 12,650.00
Total 77,900.00
Compensation 600,000.00
Hazard Pay 2,000.00
Holiday Pay 3,500.00
Excess 13th month pay and other ben 156,400.00
Taxable Compensation 761,900.00
Sales 5,555,555.56
Revenue 2,448,979.59
Cost of Goods Sold (1,200,000.00)
Cost of Services (850,000.00)
Gross Income 5,954,535.15
Other Income
Dividends from resident foreign corp 80,000.00
Interest from loan 35,000.00
Japan Sweepstakes winnings 1,000,000.00
Recovery of bad debts 40,000.00
Ranson Money 100,000.00
Total 1,255,000.00
EAR
Actual
Sale of Goods 5,555,555.56 166,572.24
Final Tax
Dividends from Domestic Corporation 200,000.00 20,000.00
Interest from bank deposit, FC 29,411.76 4,411.76
Final Tax Due 229,411.76 24,411.76
Limit
27,777.78
24,489.80
Sales, net of withholding 15,525,000.00
Cost of Goods Sold 6,210,000.00
Gross Income 9,315,000.00
Rent income, net of withholding 1,850,000.00
Total 11,165,000.00
Other Income
Dividends received from a foreign corporation 850,350.00
Interest income from advances to employees 25,000.00
Gain on sale of equipment used in producing doughnuts 750,000.00
Total 1,625,350.00
RCIT zero
MCIT 255,807.00
Interest from bank deposit, net of tax 150,000.00
Limit
Net Taxable Income before charitable contr -11,270,650
(563,532.50)