Question: Answer this. Part 2: Problem-solving (5 points each). Use the back part of the paper for solutions; erasures are considered wrong. 1. Mr. Pogi invested

Answer this.

Part 2: Problem-solving (5 points each). Use the back part of the paper for solutions; erasures are considered wrong. 1. Mr. Pogi invested P1,000,000 in a 10% per annum long-term time deposit with a maturity period of 5 years, using a BSP-prescribed form. However, due to an emergency, he decided to pre-terminate the investment after 3 years and 5 months. a) How much total interest income did Mr. Remus earn over 3 years? b) Is the interest income subject to final withholding tax? If yes, how much is the tax

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