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  3. solves the taxes (with solution) and indicate all

Solves the taxes (with solution) and indicate all taxables Additional information During the...

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Accounting

Solves the taxes (with solution) and indicate all taxables

image Additional information During the year, the taxpayer recovered P150,000 from a bad debt from his father-in-law, written off two years ago, which writing off decreased the net income to the same extent. During the year, the taxpayer recovered P50,000 from a bad debt written off the previous year, which writing off increased the losses to P250,000. The taxpayer received a stock dividend of 20,000 shares at P100/share. The taxpayer sold his wrist watch for a gain of P50,000.00 but sold his car at a loss of P60,000.00. When creditable withholding taxes are required, the same were withheld. He has the following

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