4. Mr. Monreal earned a gross compensation income of P200,000, exclusive of P20,000 non-taxable compensation income, and gross business income of P500,000 before expenses of P200,000. He also earned book royalties of P10,000 and P8,000 interest income from clients" promissory notes. Mr. Monreal has personal expenses of P170,000 during the year. What is Mr. Monreal's taxable compensation income? а. Р30,000 b. P180,000 c. P200,000 d. P220,000 5. What is Mr. Monreal's net income from business? a. P300,000 b. Р308,000 c. P310,000 d. P518,000 6. What is Mr. Monreal's taxable income? а. Р508,000 b. P450,000 c. P558,000 d. P468,000 7. Mr. Bangul earned a compensation income of P120,000 and net income from business of P300,000. He also earned P8,000 prizes from a dancing competition and P45,000 royalties from his musical composition. Mr. Bangul has P150,000 personal expenses. Compute the taxable income. a. P473,000 b. P465,000 c. P428,000 d. P420,000 8. In 2015, Ms. Balayan earned P450,000 compensation income but incurred P120,000 net loss in her business. What is her taxable income assuming she incurred personal expenses of P100,000? a. P450,000 с. Р330,000 d PA50 00o P550.000

Q: Mrs. Sanchez Mira had a gross taxable compensation income ofP400,000. She also earned an additional…

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A: The qualified income means the total of all qualified items. The qualified income of the business…

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Q: What is the income tax due to John Wick in his quarterly income tax?

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