Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please show solution. Thank you! 11. A race track bettor won the following bets: * On double, a bet of P200 and dividend of P200

Please show solution. Thank you!

image text in transcribed
11. A race track bettor won the following bets: * On double, a bet of P200 and dividend of P200 per P20 ticket. *On winner take all, a bet of P500 and a dividend of P1,000 per P50 ticket * On forecast, a bet of P1,000 and dividend of P100 per P20 ticket The total percentage tax due from the winnings is: aint lis a. P682 c. P1,280 b. P1, 182 d. P1,530 090.9045

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Survey of Accounting

Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi

3rd Edition

978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856

More Books

Students also viewed these Accounting questions

Question

13. Give four examples of psychological Maginot lines.

Answered: 1 week ago