FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Zandro has the following items of income earned during the taxable year:
Income earned in the Philippines-
1,000,000
Income earned in the USA -
Income earned in Japan -
500,000
300,000
Compute for the taxable income and tax due if;
1. Zandro is resident citizen;
2. Zandro is non-resident citizen;
3. Zandro is resident alien;
4. Zandro is non-resident alien.
Show your solution and/or explanation. Use graduated income tax table.
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Transcribed Image Text:Zandro has the following items of income earned during the taxable year: Income earned in the Philippines- 1,000,000 Income earned in the USA - Income earned in Japan - 500,000 300,000 Compute for the taxable income and tax due if; 1. Zandro is resident citizen; 2. Zandro is non-resident citizen; 3. Zandro is resident alien; 4. Zandro is non-resident alien. Show your solution and/or explanation. Use graduated income tax table.
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