Mr. Uno had the following records of his horse races in the current month of 20X1: Horse
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Question:
Mr. Uno had the following records of his horse races in the current month of 20X1:
Horse | Type of winnings | Gross winnings | Cost of Winnings |
A | Trifecta | P90,000 | P40,000 |
B | Ordinary | 250,000 | 50,000 |
C | Double | 50,000 | 10,000 |
D | Ordinary | 175,000 | 25,000 |
How much is the total documentary stamp tax?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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