Solution-What is the taxable income of Mr Pamplona

What is the taxable income of Mr Pamplona

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Reference no: EM132522959

Question - Mr. Pamplona earned total gross receipts of P800,000 and paid P300,000 in expenses in his accounting practice. During the same year, he also earned a total of P60,000 net gain from the sale of domestic stocks directly to a buyer. He also disposed a vacant lot at a net gain of P140,000. What is the taxable income of Mr. Pamplona?

Reference no: EM132522959

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What is the taxable income of Mr Pamplona

Reference no: EM132522959

Reference no: EM132522959

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