Mr. Santos has a residential land located in a city measuring 2,000 square meters has market value
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Question:
Mr. Santos has a residential land located in a city measuring 2,000 square meters has market value of P1,100 in the tax declaration and a zonal value of P800. If they city has maximized the assessment level and tax rate.
Additional information: Total gross receipts from rent income P500,000.
- How much is the total community tax?
- How much is the total real property tax payable?
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
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