Q9: Malansa Company is a holder of a franchise to sell water. During the month, it had the following data: Gross receipts from the sale of water to the public P 3 000 000 Penalties imposed and collected on illegal connections 150 000 Rent of its heavy equipment to a private subdivision 50 000 developer Sale of scrap materials 20 000 The franchise tax is- A. P 61 400 B. 60 400 C. P 60 000 D. 61 000 Q9: Malansa Company is a holder of a franchise to sell water. During the month, it had the following data: Gross receipts from the sale of water to the public P 3 000 000 Penalties imposed and collected on illegal connections 150 000 Rent of its heavy equipment to a private subdivision 50 000 developer Sale of scrap materials 20 000 The franchise tax is- A. P 61 400 B. 60 400 C. P 60 000 D. 61 000