TRADE, BUSINESS, PRACTICE OF PROFESSION AND OTHER INCOME (AITR)

Computation of tax base for trade, business, profession and other income combined.  
Gross income   Pxxx
Less itemized deductions or 40% optional standard    
deduction (OSD) based on GS or GR   xxx
Net income   xxx
Les s:    
Personal and additional exemptions Pxxx  
Health and/or hospitalization insurance xxx xxx
Taxable income   Pxxx

I would like to invite you to join my Facebook exclusive groups of aspiring CPA for my upcoming project “CPA DREAM ACADEMY ” or sign up for flashcards free http://eepurl.com/coJBmf

CPA Mentor,

JONATHAN RUIZ CPA, MIB

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About PAM Academy Founder

Newbie Mentor and one of the influential author in the Philippines setting. His also the founder of PAM Academy and Developer of PAM PSE TRACKER application.
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