1. Pedro bought a 1.5 Million 10-year life insurance policy for a total premium of P600,000....
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1. Pedro bought a 1.5 Million 10-year life insurance policy for a total premium of P600,000. In the 6th year, Pedro died and his heirs received 1.5Million from the insurance company. Total premiums paid by Pedro was 360,000. How much is the return OF capital? * 2. Pedro bought a 1.5 Million 10-year life insurance policy for a total premium of P600,000. In the 6th year, Pedro died and his heirs received 1.5Million from the insurance company. Total premiums paid by Pedro was 360,000. How much is the return ON capital?* 3.Pedro bought a 1.5 Million 10-year life insurance policy for a total premium of P600,000. In the 6th year, Pedro died and his heirs received 1.5Million from the insurance company. Total premiums paid by Pedro was 360,000. How much is the TAXABLE INCOME?* 1. Pedro bought a 1.5 Million 10-year life insurance policy for a total premium of P600,000. In the 6th year, Pedro died and his heirs received 1.5Million from the insurance company. Total premiums paid by Pedro was 360,000. How much is the return OF capital? * 2. Pedro bought a 1.5 Million 10-year life insurance policy for a total premium of P600,000. In the 6th year, Pedro died and his heirs received 1.5Million from the insurance company. Total premiums paid by Pedro was 360,000. How much is the return ON capital?* 3.Pedro bought a 1.5 Million 10-year life insurance policy for a total premium of P600,000. In the 6th year, Pedro died and his heirs received 1.5Million from the insurance company. Total premiums paid by Pedro was 360,000. How much is the TAXABLE INCOME?*
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1Calculate the return of capital Given the details Amount received P1500000 Total premiums paid ... View the full answer
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
Posted Date:
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