Anjo, a resident citizen donated P 200,000 cash to his second cousin abroad. This was his only
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Question:
Anjo, a resident citizen donated P 200,000 cash to his second cousin abroad.
This was his only donation in 2020. Which is correct?
A. The donation is subject to progressive donor's tax.
B. The donation is exempt because it did not exceed the P 250,000
C. The donation is subject to a 30% tax because it is a donation made to a stranger.
D. The donation made to a non-resident is subject to a 30% trax.
Related Book For
Intermediate Algebra
ISBN: 9780134895987
13th Edition
Authors: Margaret Lial, John Hornsby, Terry McGinnis
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