John is an employee of X Corporation who died. The corporation gave Jane, Jonn's widow one year amount of John's salary for a total of 1,000,000 php. This included upaid bonuses and allowances of John worth 100,000 php. How much is taxable as income to Jane?

John is an employee of X Corporation who died. The corporation gave Jane, Jonn's widow one year amount of John's salary for a total of 1,000,000 php. This included upaid bonuses and allowances of John worth 100,000 php. How much is taxable as income to Jane?

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter1: The Individual Income Tax Return

Section: Chapter Questions

Problem 4P: In 2019, Lou has a salary of $53,300 from her job. She also has interest income of $1,600 and...

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