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Mr. Banner, a Filipino manager, lives in a residential house owned by his employer in Pasig City. Market value of the residential property is P9.4

Mr. Banner, a Filipino manager, lives in a residential house owned by his employer in Pasig City. Market value of the residential property is P9.4 million while zonal value is P10.4 million. Compute for the monetary value to be grossed up of Mr. Banner.

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