Nicanor is a resident doctor of ABC Hospital. At the same time, he operates his own clinic. ABC Hospital and Nicanor’
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Consider the following in answering a set of questions:
Nicanor is a resident doctor of ABC Hospital. At the same time, he operates his own clinic. ABC Hospital and Nicanor’s clinic are both accredited by PhilHealth. The following were disclosed to you by Nicanor:
Income from ABC Hospital:
Gross Compensation – Php 2,800,000
13th month pay and other benefits – Php 200,000
SSS, Philhealth and other mandatory contributions – Php 50,000
Income from Clinic:
Gross receipts:
From Walk-in patients with issued receipts - Php 1,000,000
From patients paid for by Philhealth – Php 1,000,000
Expenses:
Office Rental – Php 250,000
Representation expense – Php 100,000
Salary of staff nurse – Php 250,000
Salary of family driver – Php 120,000
Salary of kasambahay – 60,000
Gas and oil – Php 50,000
Utilities expense (office) – Php 100,000
Utilities expense (house) – Php 250,000
Other information:
Receipts from patients with no issued official receipts – Php 2,000,000
Under-the-table (not reported) Commissions from pharmaceutical companies due to referrals/prescriptions of medicines – Php 500,000
Quarterly Income tax payments – Php 30,000
Tax withheld by PhilHealth (with BIR Form 2307) – Php 100,000
Tax withheld by ABC Hospital (with BIR Form 2316) – Php 300,000
How much is the total taxable gross receipts?
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