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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
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