7. Juan, the 70-year old widowed father of Rodrigo is earning P10,000.00 a month. As his income is barely enough just for medicines alone, Juan lives with and is dependent for his chief support upon Rodrigo who is single. How much basic personal and additional exemptions could Rodrigo claim when he files his income tax return? P50,000 P25,000 none P75,000

7. Juan, the 70-year old widowed father of Rodrigo is earning P10,000.00 a month. As his income is barely enough just for medicines alone, Juan lives with and is dependent for his chief support upon Rodrigo who is single. How much basic personal and additional exemptions could Rodrigo claim when he files his income tax return? P50,000 P25,000 none P75,000

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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