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Indicate the final tax rate and the actual final tax that should be paid for the following income generated by a resident citizen. Likewise,
Indicate the final tax rate and the actual final tax that should be paid for the following income generated by a resident citizen. Likewise, put a check mark if the income is tax exempt or will be subjected to the schedular rate. Show your computations. Interest income on a long term deposit that pre-terminated after 2 years P105,000.00 Final Tax Rate Actual final tax to be paid Tax Exempt Subject to schedular rate Jackpot prize of P156,000,000.00 in the PCSO 6/49 lotto draw Final Tax Rate Actual final tax to be paid Tax Exempt Subject to schedular rate
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