12. Usang Boltahe, a national athlete, received the following during 2020: Ramon Magsaysay award Athlete of...

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12. Usang Boltahe, a national athlete, received the following during 2020: Ramon Magsaysay award Athlete of the year award Prize Jollibee raffle Prize for winning the silver Olympic medal Cash award from Mr. Alfred Lim Cash from Nissan as a gift Winnings - Philippine sweepstake Gambling winnings The total winnings/awards and prizes not subject to income tax is: a. P2,505,000 b. P2,000,000 c. P1,905,000 d. P1,900,000 P 50,000.00 100,000.00 5,000.00 500,000.00 250,000.00 1,000,000.00 100,000.00 5,000,000.00 12. Usang Boltahe, a national athlete, received the following during 2020: Ramon Magsaysay award Athlete of the year award Prize Jollibee raffle Prize for winning the silver Olympic medal Cash award from Mr. Alfred Lim Cash from Nissan as a gift Winnings - Philippine sweepstake Gambling winnings The total winnings/awards and prizes not subject to income tax is: a. P2,505,000 b. P2,000,000 c. P1,905,000 d. P1,900,000 P 50,000.00 100,000.00 5,000.00 500,000.00 250,000.00 1,000,000.00 100,000.00 5,000,000.00

Answer rating: 100% (QA)

To calculate the total winningsawards and prizes not subject to income tax lets break down the items ... View the full answer