Andy a Filipino manager, lives in a residential house owned by his employer in Pasig City. Market value of the residential property is P9.4 million while zonal value is P10.4 million. The employer transfers the ownership of the condominium unit to Andy but Andy paid half of the acquisition price to his employer, how much is the fringer assuming the zonal valule mit is P 10,000,000 and the market value is the same with the acquisition price of P 10,400,000?

Answer rating: 100% (QA)

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