REQUIRED: Compute the total Income tax due on passive income of the taxpayer: 1. Assuming, Ellen is resident citizen __________________ 2. Assuming, Ellen is non-resident alien engaged in trade and business _________________ 3. Assuming, Ellen is non-resident alien not engaged in trade and business_______________
Problem 6
Ellen, the following passive income at the end of the taxable year 2020:
Within the Phil. Without the Phil.
1. Dividend income P20,000 P30,000
2. Interest income 15,000 25,000
3. Royalty income 50,000 80,000
4. Lotto winnings 10,000 100,000
5.
REQUIRED: Compute the total Income tax due on passive income of the taxpayer:
1. Assuming, Ellen is resident citizen __________________
2. Assuming, Ellen is non-resident alien engaged in trade and business _________________
3. Assuming, Ellen is non-resident alien not engaged in trade and business_________________
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