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How much is the gross receipts tax? Bal inquit Bank had the following interest receipts during the month: SOURCE OF INCOME TOTAL AMOUNT Interest income

How much is the gross receipts tax?

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Bal inquit Bank had the following interest receipts during the month: SOURCE OF INCOME TOTAL AMOUNT Interest income from loans maturing within 2 years P4, 000, 000 Interest income from loans maturing more than 2 years but within 2, 000, 000 5 years Interest income on loans maturing more than 5 years 900, 000 Processing fees 500, 000 Rent income from foreclosed properties (ROPA) 700, 000 Dividends income 80, 000 How much is the gross receipts tax

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