2,019 HARRY RIT

Gross compensation 190,000

Statutory Deductions - 10,000
7,895 Rent Income 157,895
Net taxable income 337,895

337,895 - 250,000 87,895

RIT DUE 17,579
Rent - 7,895
WT - 18,300
TAX REFUN- 8,616
HARRY- FINAL TAX
Long term yield 23,906 20% 4,781
Interest, current 4,000 20% 800
Interest, FCDU 60,941 15% 9,141
Dividend income 366,667 10% 36,667
TOTAL 455,514 51,389

GINNY
Professional Fees 540,000
Business Expenses - 200,000
7,895 Rent 157,895
NET TAXABLE INCOME 497,895

GINNY FINAL TAX

Long term yield 23,906 20% 4,781
Interest, current 4,000 20% 800
Interest, FCDU 60,941 15% 9,141
TOTAL 88,847 14,722
De Minimis Exempt Total Excess
Rice 19,000 21,000 2,000
Medical 10,000 12,500 2,500
Laundry 2,850 4,000 1,150
Uniform 6,000 8,000 2,000
MVL 8,000 12,000 4,000
EAA - 14,000 14,000
Excess De Minimis 45,850 25,650

13th month pay and other benefits

13 th month pay 45,000
Excess De Minimis 25,650
Total 13th moth pay 70,650

497,895
- 400,000
97,895
25%
24,474
30,000
54,474 TAX DUE GINNY
 2,020 HARRY RIT semi total
Japanese lottery 450,000 COGS
Income 125,000 Allowable Deductions
NET TAXABLE INCOME
36,000 Rental Income 720,000

26,800 Compensation Income 389,350

Holiday Pay 20,000
Overtime Pay 22,000
Salary increase 240,000
20,202 Sale of goods 2,020,202 CGT
63,265 Receipts from SPA 3,163,265 Shares
Semi total 7,149,817

FANTASTIC BEASTS FINAL TAX

Sales 15,000,000 Local
COGS - 5,000,000 FCDU
Gross Income 10,000,000
Expenses: Income subject to FT
Salaries 1,800,000 FINAL TAX DUE
Add: Payroll Deductions 140,000 - 1,940,000
Fringe Benefit
Rank and File 520,000
Managerial 1,046,154 - 1,566,154
EAR - 75,000
Rent Expense - 200,000
Depreciation - 40,000 - 3,821,154
Dividends from RFC 440,000 TAXABLE INCOME
Dividends from NRFC 20,000
Prizes from competition 100,000 Dividends received
Net taxable income 6,738,846

TAX DUE, FBC 2,021,654

MCIT 200,000

IAET
Net taxable income 6,738,846
Regular Income Tax due - 2,021,654
NOLCO -
Exempt income
Dividends from DC 180,000 180,000
Income subject to final tax, net 50,000
Income subject to cgt, net -
Dividends declared -
Appropriation - 200,000
Improperly Accumulated Earnings 4,747,192
Multiply by: 10% 10%
IAE Tax 474,719
 7,149,817 De Minimis Exempt Actual
- 1,800,000 Uniform 6,000 10,000
- 3,007,000 Laundry 3,600 5,000
2,342,817 Rice 20,000 20,000
Christmas cash gift 5,000 12,000
Medical- dependent 3,000 5,000
Medical- Harry 10,000 20,000
Excess De Minimis 47,600

13th month pay and other benefits

13th month pay 42,000
400,000 15% 60,000 17.EXCESS- 0

Income subject to fringe benefit

25,000 20% 5,000 Other fringe benefit 30,000
35,294 15% 5,294 Groceries 50,500
Excess De Minimis 24,400
60,294 Car 1,088,000
10,294 Business meeting
50,000 1st class 15,000
Lodging cost 10,400 25,400
Three maids 288,000
Driver 120,000

10,560,000
30%
3,168,000
Excess FINAL TAX Capital Gain/ Capital Loss
4,000 Ltrust funds 100,000 20% 20,000 Jewelry
1,400 Current 120,000 20% 24,000 Car
- FCDU 352,941 15% 52,941 Net Capital Loss
7,000 Dividend 2,245,282 10% 224,528
2,000 Royalties 500,000 10% 50,000 RIT STILL DUE
10,000 PSCO 750,000 20% 150,000
24,400 Total Final Tax 4,068,223 521,469

ALLOWABLE DEDUCTIONS
Expenses 1,700,000

Taxes
Real property 150,000
DST 200,000
Business Permit 2,000 352,000

Pension
CSC 200,000
PSC 50,000 250,000

Bad debts 100,000

1,626,300 Losses 300,000

2,502,000 Donation to VERITAS 100,000
875,700 FBT DUE Accounting Firm Expenses 25,000
Rent Expense 180,000
TOTAL ALLOWABLE - 3,007,000
Capital Gain/ Capital Loss
- 20,000
- 10,000
Net Capital Loss - 30,000

RIT STILL DUE

342,817
109,701
490,000
RIT 599,701
Rent - 36,000
CWT - 26,800
- 20,202
- 63,265
453,434
- 8,616
STILL DUE 444,818
 2,021 HARRY RC RIT FINAL TAX
Rugs to Riches 210,000 Tax Master 250,000
Tax Evasion 300,000 PSCO 1,000,000
Ransom 200,000 Mr. PH 500,000
Compensation income 520,000 Winnings- SM 25,000
Hazard Pay 3,000 Winnings- Jenra 10,000
Holiday 4,900 Dividend 800,000
28,947 Rent Income 578,947 Dividends- Hogwarts 70,000
Dividends RFC 225,000 123,750 Interest- FCDU 22,353
Dividends NRFC 45,000 Interest- short term 16,250
NR 250,000 Long term trust fund 225,000
50,505 Sale from merch 5,050,505 TOTAL 2,918,603
Income from SPA 4,500,000 263,603
27,778 Income from practice 277,778
Allowed by BIR 10,000
Allowable Deductions - 5,315,203
Net Capital Gain 247,000
NET TAXABLE INCOME 7,106,927

1,634,217
490,000
TAX DUE 2,124,217
Rent - 28,947
Merch - 50,505
Income - 27,778
TAX STILL DU 2,016,986
 13th Month Pay and Other Benefits De Minimis
10% 25,000 Xmas bonus 30,500 Cash gift
20% 200,000 13th monthpay 30,500 uniform
20% 100,000 Midyear 12,000 Productivity
20% 5,000 13th month pay 73,000 Laundry
20% 2,000 Medical allowance
10% 80,000 EAA
10% 7,000
15% 3,353 Excess De Minimis
20% 3,250
20% 45,000
470,603
De Minimis Actual Limit Excess Other fringe benefits
23,000 5,000 18,000 Other fringe benefits 60,000
4,000 4,000 - Excess De Minimis 27,000
Productivity 9,000 9,000 -
3,000 3,000 - Gross up value 133,846
Medical allowance 8,000 8,000 - FBTax 46,846
9,000 9,000
CGT
Excess De Minimis 29,000 27,000 Sale of domestic shares 185,000
Vacation House 6,000,000
Residential Lot 3,200,000
9,385,000
 Capital Gain/Loss Allowable Deductions
Shares of foreign 200,000 EAR
Toyota Car 75,000
Sale of jewelry 2,000 Pension
Total Capital Gain 277,000 PSC 50,000
Less: Capital Loss Carry over - 30,000 PSC 2 3,500
Net Capital Gain 247,000 CSC 50,000

15% 27,750 Taxes

6% 360,000 Municipal 10,000
6% 192,000 DST 3,000
579,750 OTP 8,000
FBT-M 317,692
Salaries Expense
Rubuius 120,000
Severus 144,000
Harry 216,000
Ron 120,000
Hermoine 180,000
Voldemort 204,000
Sirius 228,000

Loss

Depreciation

Donation

Interest 100,000
Less: (263,303 x 33%) 86,989

Breastfeeding

Fringe Benefit
Rank and File 100,000
M+S 590,000

Training:
Rank and File 40,000
Managerial 65,000

TOTAL REGULAR ALLOWABLE

TOTAL SPECIAL

TOTAL ALLOWABLE DEDUCTION

 Special Deduction
30,000
Rubuis 18,000
Sirius 57,000

NEDA 30,000
103,500
Breastfeeding 2,000,000

Rank and File 20,000

TOTAL SPECIAL - 2,125,000

338,692

1,212,000

180,000

58,000

60,000

13,011

400,000

690,000

105,000

- 3,190,203
- 2,125,000

- 5,315,203
 2,021 HARRY NRC RIT FINAL TAX

Tax Evasion 300,000

Ransom 200,000
Compensation income 520,000
Hazard Pay 3,000
Holiday 4,900
28,947 Rent Income 578,947
Dividends RFC 101,250
Dividends NRFC Interest- short term 16,250
NR 250,000 Long term trust fund 225,000
50,505 Sale from merch 5,050,505 TOTAL 241,250
Income from SPA 4,500,000 241,250
27,778 Income from practice 277,778
Allowed by BIR 10,000
Allowable Deductions - 5,322,580
Net Capital Gain 47,000
NET TAXABLE INCOME 6,520,800

1,446,656
490,000
TAX DUE 1,936,656
Rent - 28,947
Merch - 50,505
Income - 27,778
TAX STILL DU 1,829,426
 13th Month Pay and Other Benefits Capital Gain/Loss
Xmas bonus 30,500 Shares of foreign
13th monthpay 30,500 Toyota Car
Midyear 12,000 Sale of jewelry
13th month pay 73,000 Total Capital Gain
Less: Capital Loss Carry over
Net Capital Gain

20% 3,250
20% 45,000
48,250
 Allowable Deductions Special Deduction
EAR 30,000
75,000 Rubuis
2,000 Pension Sirius
77,000 PSC 50,000
- 30,000 PSC 2 3,500 NEDA
47,000 CSC 50,000 103,500
Breastfeeding
Taxes
Municipal 10,000 Rank and File
DST 3,000
OTP 8,000 21,000 TOTAL SPECIAL

Salaries Expense
Rubuius 120,000
Severus 144,000
Harry 216,000
Ron 120,000
Hermoine 180,000
Voldemort 204,000
Sirius 228,000 1,212,000

Loss 180,000

Depreciation 58,000

Donation 60,000

Interest 100,000
Less: (241,250 x 33%) 79,613 20,388

Breastfeeding 400,000

Fringe Benefit
Rank and File 100,000
M+S 907,692 1,007,692

Training:
Rank and File 40,000
Managerial 65,000 105,000

TOTAL REGULAR ALLOWABLE - 3,197,580

TOTAL SPECIAL - 2,125,000
TOTAL ALLOWABLE DEDUCTION - 5,322,580
 18,000
57,000

30,000

2,000,000

20,000

- 2,125,000