Mr
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Mr. Dimataling was hurt in a bus accident. He received a total indemnity of P800,000 from the insurer of the bus. Mr. Dimataling paid P250,000 in hospital bills due to the accident. Mr. Dimataling paid P250,000 in hospital due to the accident. Compute the total amount to be included in gross income.
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Ans:
Mr. Dimataling:
Claim received P 800,000
Hospital expense P 250,000
Amount to be included in gross income P 550,000
Hospital expense P 250,000
Amount to be included in gross income P 550,000
