[TOPIC 43] INCOME TAXATION | Mixed Income Earners (Employed, Doing Business & Practicing Profession)
16.8 هزار بار بازدید -
4 سال پیش
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In this video, we discuss
In this video, we discuss the step-by-step process of how to compute income tax for individual taxpayers who are mixed-income earners. A mixed-income earner is an individual taxpayer who is employed (earning compensation) and at the same time doing business or practicing their profession. Thus, they are earning incomes from mixed sources. We also present illustrative problems for mixed-income earners for comparison of the different tax regimes applicable.
As discussed in this video, the applicable income tax for individual taxpayers who are employed and are earning income from their employment is always the graduated rates. While, as a mixed-income earner, incomes derived from the practice of their profession or from business may be subject to the graduated tax rates or the 8% optional rate depending on whether the taxpayer satisfies the conditions for the 8% optional tax regime. Rules on when to apply for 8% optional (bundle) rate are also exhaustively discussed in this video.
We also have other videos for:
1. For Single Individuals Doing Trade or Business: [TOPIC 41] INCOME TAXATION | How to C...
2. For Employees w/ One or More Employers: [TOPIC 40] INCOME TAXATION | How to C...
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Please also watch my other video lectures:
1. How to Compute Gross Compensation Income. [TOPIC 12] GROSS COMPENSATION INCOME ...
2. Classification of Taxpayers: [TOPIC 11 ] CLASSIFICATION OF TAXPAYE...
3. Withholding Taxes on Compensation Income: [TOPIC 17] WITHHOLDING TAXES ON COMPE...
4. Exclusions from Gross Income: [TOPIC 15] EXCLUSIONS FROM GROSS INCO...
5. Fringe Benefits: [TOPIC 19] FRINGE BENEFITS TAX | Tax ...
6. De Minimis Benefits: [TOPIC 21] DE MINIMIS BENEFITS | Tax ...
7. Fringe Benefits Received by Rank and File Employees: [TOPIC 20] FRINGE BENEFITS | Exemptio...
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Also, if you want to know about the components of gross income, and how to compute an income, please watch the following videos.
1. Sale of Real Properties Classified as Capital Assets: [TOPIC 23] DEALINGS IN PROPERTIES | C...
2. Sale of Shares of Stocks: [TOPIC 24] DEALINGS IN PROPERTIES | C...
3. Sale of Capital Assets not Subject to Capital Gains Tax: [TOPIC 25] DEALINGS IN PROPERTIES | S...
4. Ordinary Assets and Capital Assets: [TOPIC 22] DEALINGS IN PROPERTIES | O...
5. Computation of Gross Business and Professional Income: [TOPIC 13] GROSS BUSINESS AND PROFESS...
6. How to Compute Compensation Income: [TOPIC 12] GROSS COMPENSATION INCOME ...
7. Final Income Tax on Certain Passive Income: [TOPIC 14] PASSIVE INCOMES | Final Wi...
I will upload videos every Monday, Wednesday and Friday.
As discussed in this video, the applicable income tax for individual taxpayers who are employed and are earning income from their employment is always the graduated rates. While, as a mixed-income earner, incomes derived from the practice of their profession or from business may be subject to the graduated tax rates or the 8% optional rate depending on whether the taxpayer satisfies the conditions for the 8% optional tax regime. Rules on when to apply for 8% optional (bundle) rate are also exhaustively discussed in this video.
We also have other videos for:
1. For Single Individuals Doing Trade or Business: [TOPIC 41] INCOME TAXATION | How to C...
2. For Employees w/ One or More Employers: [TOPIC 40] INCOME TAXATION | How to C...
=============================================
Please also watch my other video lectures:
1. How to Compute Gross Compensation Income. [TOPIC 12] GROSS COMPENSATION INCOME ...
2. Classification of Taxpayers: [TOPIC 11 ] CLASSIFICATION OF TAXPAYE...
3. Withholding Taxes on Compensation Income: [TOPIC 17] WITHHOLDING TAXES ON COMPE...
4. Exclusions from Gross Income: [TOPIC 15] EXCLUSIONS FROM GROSS INCO...
5. Fringe Benefits: [TOPIC 19] FRINGE BENEFITS TAX | Tax ...
6. De Minimis Benefits: [TOPIC 21] DE MINIMIS BENEFITS | Tax ...
7. Fringe Benefits Received by Rank and File Employees: [TOPIC 20] FRINGE BENEFITS | Exemptio...
=============================================
Also, if you want to know about the components of gross income, and how to compute an income, please watch the following videos.
1. Sale of Real Properties Classified as Capital Assets: [TOPIC 23] DEALINGS IN PROPERTIES | C...
2. Sale of Shares of Stocks: [TOPIC 24] DEALINGS IN PROPERTIES | C...
3. Sale of Capital Assets not Subject to Capital Gains Tax: [TOPIC 25] DEALINGS IN PROPERTIES | S...
4. Ordinary Assets and Capital Assets: [TOPIC 22] DEALINGS IN PROPERTIES | O...
5. Computation of Gross Business and Professional Income: [TOPIC 13] GROSS BUSINESS AND PROFESS...
6. How to Compute Compensation Income: [TOPIC 12] GROSS COMPENSATION INCOME ...
7. Final Income Tax on Certain Passive Income: [TOPIC 14] PASSIVE INCOMES | Final Wi...
I will upload videos every Monday, Wednesday and Friday.
4 سال پیش
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