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Income Taxation Performance Task Guide

This document provides instructions and data for a taxation performance task involving calculating taxable income and tax due for different taxpayer statuses. It includes data on a taxpayer's gross income and expenses in the Philippines and USA, as well as additional data on a Filipino taxpayer who worked abroad for part of the year. Learners are asked to use the data to calculate taxable income and tax due based on whether the taxpayer is a resident or non-resident citizen, resident or non-resident alien, and whether they engaged in trade or business in the Philippines.

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Stephany Polinar
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76 views2 pages

Income Taxation Performance Task Guide

This document provides instructions and data for a taxation performance task involving calculating taxable income and tax due for different taxpayer statuses. It includes data on a taxpayer's gross income and expenses in the Philippines and USA, as well as additional data on a Filipino taxpayer who worked abroad for part of the year. Learners are asked to use the data to calculate taxable income and tax due based on whether the taxpayer is a resident or non-resident citizen, resident or non-resident alien, and whether they engaged in trade or business in the Philippines.

Uploaded by

Stephany Polinar
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
  • Performance Task Scenario
  • Instructions

INCOME TAXATION

PERFORMANCE TASK
INSTRUCTIONS:
a. Show your solution
b. Double line your answer
c. Make sure you write your name

Use the following data for the next five (5) questions:
A taxpayer, had the following data for taxable year 2023:
Gross Income, Philippines 800,000.00
Gross Income, USA 600,000.00
Expenses, Philippines 400,000.00
Expenses, USA 300,000.00
1. If the taxpayer is a resident citizen, his taxable income is ___________.
2. If the taxpayer is a resident citizen, his tax due is _________________.
3. If the taxpayer is a non-resident citizen, his taxable income is
___________.
4. If the taxpayer is a non-resident citizen, his tax due is ___________.
5. If the taxpayer is resident alien, his taxable income is ______________.
6. If the taxpayer is a non-resident alien engage in trade or business in the
Philippines, his taxable income is _____________________.
7. If the taxpayer is a non-resident alien not engage in trade or business in
the Philippines, his tax due is _____________________.

Mr. A, a Filipino, left the Philippines in the middle of the year on July 1, 2022
to go abroad and work there for two years, the following data were provided as
of December 31, 2022: (Assume all data from abroad)
Gross Income Expenses
January 1 to June 30 300,000 100,000
July 1 to December 31 1,000,000 125,000

8. His taxable income is ___________________.


9. Based on the above problem, but assuming he arrived from abroad on
July 1, 2022 to permanently reside in the Philippines, after working
abroad for 2 years, his taxable income as of December 31, 2022 is
_________________.
10. If he did not leave Philippines at all, his taxable income is
_________________.
***END***

INCOME TAXATION PERFORMANCE TASK INSTRUCTIONS: a. Show your solution b. Double line your answer c. Make sure you write your

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