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?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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