Compute the income tax due of mr. sita

Assignment Help Taxation

Reference no: EM133389185

Question: Mr. Vi Sita, a Norwegian residing in the Philippines, earned the following income during the taxable year, net income from the Philippines, P 800,000, Net income from outside the Philippines, P 600,000; Capital gain on direct sale to buyer if shares of stock of domestic corporation P 100,000 Compute the income tax due of Mr. Sita

Reference no: EM133389185

Questions Cloud

Calculate the interest benefit based on quarters : The prescribed rates set by the CRA for 2022 equaled 2% for Q1&Q2 and 1% for Q3&Q4. Calculate the interest benefit based on quarters, do not use the number

What are the capital gains tax implications : What are the capital gains tax (CGT) implications in relation to the sale of the Southern Highlands house (Australian Tax Law implication, please referring

Discuss the historical tradition of laws : Discuss the historical 'tradition' of laws that circumscribed certain avenues of life among the citizens of the Holy Roman Empire.

Calculate a specific earned value measurement : Budget at Completion (BAC) for hypothetical projects. You will then be asked to calculate a specific Earned Value Measurement based upon these values

Compute the income tax due of mr. sita : Mr. Vi Sita, a Norwegian residing in the Philippines, earned the following income during the taxable year, net income from the Philippines, P 800,000

Identify and describe various roles and key users : Aggies anywhere is a campus virtual desktop that allow students and faculty anywhere to access North Carolina A&T state University Desktop

How do realities of history of encounters between europeans : What knowledge or assumptions did you come to this class with about the history of encounters between Europeans/European Americans and CA Indians?

Describe three ways that police legitimacy derives from them : Using relevant examples from Ontario, describe three ways that police legitimacy derives from them risking their lives. Support your answer with relevant peer

Why might want ceiling preemption : Using examples from the reading, comment on whether we should be concerned about state preemption and why might want ceiling preemption.

User Account

All Pages