A resident citizen, has the following data for the year 2020: Description From Philippines From Ukraine...

 

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A resident citizen, has the following data for the year 2020: Description From Philippines From Ukraine Gross sales 5,000,000 3,000,000 Sales returns and allowances 500,000 200,000 Cost of sales 1,500,000 800,000 Business expenses 500,000 300,000 Interest income, peso bank deposit BDO- 20,000 Marikina Interest income, US dollar deposit BDO- Mandaluyong 50,000 Gain from sale of residential house and lot, P500,000 (Selling price is P3,000,000; FMV at time of sale is P5.000,000) Gain from sale of shares of stock listed and traded in the local stock exchange, P30,000 (selling price, P100,000) Gain from sale of shares of stock not traded in the local stock exchange, P150,000. How much is the total final tax on passive income? A resident citizen, has the following data for the year 2020: Description From Philippines From Ukraine Gross sales 5,000,000 3,000,000 Sales returns and allowances 500,000 200,000 Cost of sales 1,500,000 800,000 Business expenses 500,000 300,000 Interest income, peso bank deposit BDO- 20,000 Marikina Interest income, US dollar deposit BDO- Mandaluyong 50,000 Gain from sale of residential house and lot, P500,000 (Selling price is P3,000,000; FMV at time of sale is P5.000,000) Gain from sale of shares of stock listed and traded in the local stock exchange, P30,000 (selling price, P100,000) Gain from sale of shares of stock not traded in the local stock exchange, P150,000. How much is the total final tax on passive income?

Answer rating: 100% (QA)

Answer Interest income peso bank ... View the full answer