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6. Condove, inc, a domestic corporation, reponted the following inesme in 2024 : Compute the total gross iscome subject is regular income tax. 2. Paracoco b. Pa60.000 c. P600,000 d. Pro0,000 a. P520,000 c. P400,000 b. P480,000 d. P440,000 a. Mr. Buaya, whe 14 dopendent chlldren had the following data for his income tax mem in 2002 : What is the net income? a. P 170.000 b. P290,000 c. P100,000 d. P20,000 2. Compute the turatile compersation income. a. (P150.000) b. (P30,000) e. PS0, 000 d. P120,000 19. Compute the taxable income. a. P10,000 b. P100,000 c. P140,000 d. P2000000 a. P 5,000 b. P40,000 c. P45,000 d. PSO 000 12. A WAT taxpayer collectsd P66,600, induive of P7,200 VAT and net of P600 witholing tax, Concuts the gross income subject regular income tax. a. Ps 8,400 b. P07,200 c. P68,000 d. P60,000 a. P71,351 b. P71,420 c. P80,000 d. Pra.200 tax. a. P0 b. PQ 400 c. PQ,000 d. P10,000 399 18. A VAT-registered texpayer recenived P18,000 dividend, net of 10% fir withelding tax Compute the amount subiect to reguar income tax a. P0 b. P17,647 c. P17,857 4. Pleoco (ANSWER ALL OF THESE WTH SOLUTIONS.) Regular Income Tax: Exclusion from Gross Income 1. At the age of 54, Mrs. Rio was awarded a retirement gratulily of P2,000,000 for her 30 years of service in the Sirmwal Company. The empioyer's retirement benefit plan was with an employee participation feature where Mrs. Rio contribuled a total premium of Pb00,000 in the fund. Mrs. Rio also received P500,000 benefit from the SsS. Compute the total exclusion in gross income. a. P1,700,000 b. P1, 300,000 c. P$00,000 d. P2,500,000 2. Mrs. Moses retired freen the government after 30 years of service at the age of 55 . He received a lotal retirement pay of P1,800,000 plus P400,000 GSis benefits. How much will be excluded in gross income? a. PO b. P400,000 c. P2,200,000 d. P1,800,000 Regular Income Tax: Inclusion in Gross Income 3. Bong, a probessional practioner, received the following from his clients: How much will be included in Bong's gross income for regutar income tax purposes? a. P150,000 b. P140,000 c. P110,000 d. P100,000 vesermine the trota income to be reponed by MC, Danow in gross income. a. P1,526,000 b. P1,428,000 c. P1,026,000 d. P826,000 5. Iniga Corporation is engaged in the sales of goods. It reported the following summarized financial statements during the year: Compute the total gross income subject to regular tax. a. P1,720,000 b. P1,770,000 c. P1,780,000 d. PB 40,000

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