Mr. Uno had the following records of his horse races in the current month of 20X1:Туре ofCost ofHorseGross winningswinningsWinningsATrifectaP90,000P40,000Ordinary250,00050,000Double50,00010,000DOrdinary175,00025,000How much percentage taxes were paid by Mr. Uno?__

In horse winning, a person has to pay tax at the rate of 10% on winnings amount after deducting the…

Answered: Mr. Uno had the following records of…

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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Please helppp, this is for financial mathematics, thank youuuuuuu
Essam works in the Arab bank with monthly base salary 400 $ and bonus addition high cost of living amounted 80% of base salary. Bonus addition for cash risk 3% of base salary monthly. His contribution of saving box with 5% of base salary, & social security contribution (pension) 27$. Mr. Jehad get 13 salaries yearly (banking system). Required: calculate the income tax according income tax law 17/2004 if you know that he is married + 4 (one of them study at IUG by himself, and his parents (father & mother) live with him. He has a new car a mounted 15000 $. It was bought by a loan from Arab bank with interest 3% per year for 5 years
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Mr. Uno had the following records of his horse races in the current month of 20X1: Туре of Cost of Horse Gross winnings winnings Winnings A Trifecta P90,000 P40,000 Ordinary 250,000 50,000 Double 50,000 10,000 D Ordinary 175,000 25,000 How much percentage taxes were paid by Mr. Uno?__