Answered: 2017 2018 Lotto winnings P25,000 12,000…

2017 2018 Lotto winnings P25,000 12,000 P26,000 15,000 Interest on FCDU Gain in sale of shares of stock subject to CGT 150,000 100,000 Compute the fingl tax for yegr 2018.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Skylar also had the following income:

2017
2018
Lotto winnings
P25,000
12,000
P26,000
15,000
Interest on FCDU
Gain in sale of shares of stock subject to CGT
150,000
100,000
Compute the final tax for year 2018.

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