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ACTIVITY NO. 2 - Passive Income. Bernard has the following data in 2020: Income from profession Interest of bank deposit (niet of 20% final tax)
ACTIVITY NO. 2 - Passive Income. Bernard has the following data in 2020: Income from profession Interest of bank deposit (niet of 20% final tax) Winnings in raffle Prize won in a contest Dividend received from a domestic corporation Salary in part time work P450,000 4,000 100,000 5,000 6,000 20,000 Required: 1. Compute for the income tax to be paid. 2. Compute for the final taxes of Bernard
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