Taxation, 2014 Bar — Question XXVII

QUESTION

In January 2013, your friend got his first job as an office clerk. He is single and lives with his family who depends upon him for financial support. His parents have long retired from their work, and his two (2) siblings are still minors and studying in grade school. In February 2014, he consulted you as he wanted to comply with all the rules pertaining to the preparation and filing of his income tax return. He now asks you the following: (A) Is he entitled to personal exemptions? If so, how much? (1%) (B) Is he entitled to additional exemptions? If so, how much? (1%) (C) What is the effect of the taxes withheld from his salaries on his taxable income? (2%)

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