Compute the Final Tax of the following Passive Income of Non-Resident Alien Individuals:
1. Yield Income from Investment 10,000

2. Prizes and Winnings 30,000

3. Royalties from books by a non-resident alien 10,000

4. Prizes from charitable institutions 25,000

5. Lotto Winnings from PCSO 50,000

6. Winnings from School Fair raffles 5,000

7. Share in the Income of a Joint Venture 50,000

8. Prizes in Eat Bulaga 80,000

9. Interest income from long-term deposit With a bank with a BSP certificate Pre-terminated on its 6 years 120,000

10. Interest income from a bank under the expanded foreign currency deposit System 40,000

Answer rating: 100% (QA)

The final tax of passive income of nonresident alien individuals is 25 This is the same rate of tax ... View the full answer