Hi can you help me to correct my mistaken questions in our quiz. i want to know the correct answer ill make it as my reviewer thank you.

1. What amount should be reported as taxable income of co-ownership in 2019?

a. P0

b. P50,000,000

c. 15,000,000

d. 14,980,000

2. What amount should each heir report in their individual returns as their share in the net rental income of the property they inherited in 2019?

a. P50,000,000

b. P15,000,000

c. P5,000,000

d. P10,000,000

3.Determined the income tax due assuming the "net taxable compensation income" for 2020 is P1,850,000 Note: Use Tax table (with computation)

4.Determine the income tax due assuming the following data for 2020: Gross sales P2,800,000, Cost of sales (1,500,000), Operating expenses (750,000), Net income 550,000 Note: Use Tax table (with computation)

5.A local bank approved a loan of 300,000 in favor of officer Jess Damian with interest thereon at a special rate of 8% per annum. The term of the loan is 4 months. Compute the Fringe Benefit Tax.

6. Piquero Company paid Leisure Inc. the amount of P50,000 representing vacation expenses of HR Manager Aica Kuntawang at Boracay Beach, Aklan. Compute the Grossed-up Monetary Value of the benefit given. (with computation)