Reference no: EM132513611
Records reveal the following earnings of Mrs. Con, a resident Filipino resident during a taxable year: (assuming gross of withholding taxes)
Salary as a university professor P240,000
Income derived from audit services 135,000
Rent Income 114,000
Interest income (Bank) 8,000
Dividend Income (Fast food chain) 4,500
Gain from sale of personal car 3,000
Gain from sale of shares of stock - outside stock exchange 2,850
Question 1: How much income is classified as compensation income?
Question 1: How much is the total amount of income classified as income from profession and business?
Question 1: How much gross income is classified as passive income?
Question 1: How much income is classified as capital gains?
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Classify for cash flows falling under operating activities
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How much is Charlies current ratio
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Reflect on your progress in gaining knowledge
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How much is distributed to Conyers and Poodle
: Net income for the year was $255,000. How much is distributed to Conyers and Poodle? Compute shares to two decimal places
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How much income is classified as compensation income
: How much is the total amount of income classified as income from profession and business? How much income is classified as compensation income
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Have you been gratified or disappointed with your progress
: Reflect on your development of professional identity as you transition from novice towards professional counselor. Have you been gratified or disappointed.
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Find the total taxable income in the philippines would be
: Find The total taxable income in the Philippines would be. Income from grocery store,Share in lotto winnings, Within Outside, Compensation.
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Define how you can apply the concepts learned in the course
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Discuss whether entity should classified as reporting entity
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