Mr Uno had the following records of his horse races in the current month of 20X1 Horse Type of winnings Gross winnings Cost of Winnings A Trifecta P90,000 P40,000 B Ordinary 250,000 50,000 C Double 50,000 10,000 D Ordinary 175,000 25,000 How much is the total documentary stamp tax ...

To calculate the total documentary stamp tax for Mr Unos horse race winnings we need to determine th ...

Mr. Uno had the following records of his horse races in the current month of 20X1: Horse

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Mr. Uno had the following records of his horse races in the current month of 20X1:

Horse	Type of winnings	Gross winnings	Cost of Winnings
A	Trifecta	P90,000	P40,000
B	Ordinary	250,000	50,000
C	Double	50,000	10,000
D	Ordinary	175,000	25,000

How much is the total documentary stamp tax?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Mar 03, 2024 02:01 PM

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Mr. Uno had the following records of his horse races in the current month of 20X1: Horse

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Income Tax Fundamentals 2013

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