The negligence of Dave, driver of a certain bus company, resulted in the death of Pedro's wife, physical injuries to Pedro that prevented him from working fora month, and the total wreck of Pedro's brand new car which he had bought for P400,000. In the action for damages filed by Pedro against the bus company, the court awarded the following: • P30,000 for Pedro's injuries consisting mainly in the loss of his right hand; • P45,000 for Pedro's loss of one month salary; • P25,000 for the death of his wife; P100,000 moral damages on account of the death of Pedro's wife; and P800,000 for the loss of Pedro's car.
The negligence of Dave, driver of a certain bus company, resulted in the death of Pedro's wife, physical injuries to Pedro that prevented him from working fora month, and the total wreck of Pedro's brand new car which he had bought for P400,000. In the action for damages filed by Pedro against the bus company, the court awarded the following: • P30,000 for Pedro's injuries consisting mainly in the loss of his right hand; • P45,000 for Pedro's loss of one month salary; • P25,000 for the death of his wife; P100,000 moral damages on account of the death of Pedro's wife; and P800,000 for the loss of Pedro's car.
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 35P
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Question
How much is excluded from gross income?
0; 155,000; 555,000; 955,000
Transcribed Image Text:The negligence of Dave, driver of a certain bus company, resulted in the death of
Pedro's wife, physical injuries to Pedro that prevented him from working for a month,
and the total wreck of Pedro's brand new car which he had bought for P400,000. In
the action for damages filed by Pedro against the bus company, the court
awarded the following:
P30,000 for Pedro's injuries consisting mainly in the loss of his right hand;
• P45,000 for Pedro's loss of one month salary;
• P25,000 for the death of his wife;
• P100,000 moral damages on account of the death of Pedro's wife; and
P800,000 for the loss of Pedro's car.
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