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Asta (resident citizen) and Yuno (NRAETB) formed a partnership, registered in SEC with total assets of P10M. The partnership has the following data for 2024:
Asta (resident citizen) and Yuno (NRAETB) formed a partnership, registered in SEC with total assets of P10M. The partnership has the following data for 2024: Gross business income; 2,000,000 Business expenses; 500,000 Rental income, net CWT; 190,000 Interest income from bank deposits, gross of tax; 30,000 Royalty income - USA; 100,000 Gain on sale of shares of stocks not traded in the Local stock Exchange, net of tax; 100,000 Withdrawals of Partner Asta, net of CWT; 90,000 Payments of quarterly income tax; 100,000 Interest income derived from a depository bank under EFCDS, net of tax; 85,000 How much is the income tax payable of Partnership in 2024
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