Mr. Jack Hipopotamus is a Maltese and a resident of Malta. He requested you to file his Philippine income tax return for 2020. The following information were forwarded to you: Gross income from the Philippines Interest income from Land Bank bank deposits P3,000,000 Dividend income from domestic corporations 500,000 Less: Expenses ( 300,000) Net income in the Philippines P3,200,000 Add: Net income from Malta (Peso equivalent) 5,000,000 Total Net income P8,200,000 Taxable income you will repost is: a. P3,500,000 b. P3,000,000 c. P3,200,000 d. P-0-

Peter, a resident citizen, received the following during 2020:

Proceeds from copyright royalty, net of tax P11,250

Proceeds from mineral claim royalty, net of tax 12,000

Share from trading partnership, net of withholding tax 270,000

How much is the total final tax on Peters income?

a. P 4,250

b. P34,250

c. P50,000

d. P31,250

Peter, a resident citizen, received the following during 2020:

Proceeds from copyright royalty, net of tax P11,250

Proceeds from mineral claim royalty, net of tax 12,000

Share from trading partnership, net of withholding tax 270,000

How much is the income tax still due and payable of Peter in 2020?

a. P34,250

b. P50,000

c. P -0-

d. P31,250