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With solution po. Thank you. Mac, married, with two (2) dependent children, received the following income Rent, Philippines P1,000,000 Rent, Hong Kong P200,000 Interest, peso
With solution po. Thank you.
Mac, married, with two (2) dependent children, received the following income Rent, Philippines P1,000,000 Rent, Hong Kong P200,000 Interest, peso deposit MBTC P100,000 Interest, U.S deposit, BDO (510,000 * 54) P540,000 Prize (cash) won in a local contest P8.000 Prize (TV) won in a local lottery P50,000 PCSO/Lotto Winnings P2,000,000 Prize won in a contest in U.S. P300,000 Lotto winnings in U.S. P100,000 Dividend, domestic company P600,000 A. P150,000 B.P687,500 C.P571.000 D. P490,000 1. Which of the following is the total final tax, assuming Mac is a resident citizen? 2. Which of the following is the total final tax, assuming Mac is a non-resident alien engaged in trade or business? 3. Which of the following is the total final tax, assuming Mac is a non-resident alien not engaged in trade or business? 4. Which of the following is the total final tax, assuming Mac is a non-resident citizen? Mac, married, with two (2) dependent children, received the following income Rent, Philippines P1,000,000 Rent, Hong Kong P200,000 Interest, peso deposit MBTC P100,000 Interest, U.S deposit, BDO (510,000 * 54) P540,000 Prize (cash) won in a local contest P8.000 Prize (TV) won in a local lottery P50,000 PCSO/Lotto Winnings P2,000,000 Prize won in a contest in U.S. P300,000 Lotto winnings in U.S. P100,000 Dividend, domestic company P600,000 A. P150,000 B.P687,500 C.P571.000 D. P490,000 1. Which of the following is the total final tax, assuming Mac is a resident citizen? 2. Which of the following is the total final tax, assuming Mac is a non-resident alien engaged in trade or business? 3. Which of the following is the total final tax, assuming Mac is a non-resident alien not engaged in trade or business? 4. Which of the following is the total final tax, assuming Mac is a non-resident citizenStep by Step Solution
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