Answer Happy

1. Mr. Cruz is a minimum wage earner and a part-time real estate
agent for a real estate broker. In addition to the statutory
minimum wage of P180,000, he likewise earned P100,000 as commission
from his real estate dealings for the year 2019. If he opted to be
taxed at 8%, how much would be his income tax?
Group of answer choices
a. P2,400
b. P0
c. P8,000
d. P6,000
2. A self-employed resident citizen taxpayer, who is married,
has gross profit from sales of goods of P800,000, operating
expenses of P200,000, cost of goods sold of P300,000 and personal
expenses amounting to P30,000. If the taxpayer chooses to be taxed
at 8%, his income tax will be:
Group of answer choices
a. P44,000
b. P24,000
c. P68,000
d. P64,000
3. Mr. Santos received the following yearly benefits from
his employer, ABC Corporation:
How much is the taxable 13th month pay and other benefits?
Group of answer choices
a. P0
b. P131,000
c. P41,000
d. P11,000