Carl received the following passive income in 2019: (in Peso) Interest, peso deposit, BPI 100,000 Interest, USD deposit, BDO (USD10,000 @42) 420,000 Interest, deposit in HK (HKD10,000 @5) 50,000 Prize (TV) won in a local lottery 50,000 PCSO winnings 2,000,000 Prize won in US contest 300,000 Lotto winning in US 100,000 Dividend, domestic company 600,000 How much is the total final tax in 2019 assuming he is a Resident citizen? (correct format: 100,000)

Carl received the following passive income in 2019: (in Peso) Interest, peso deposit, BPI 100,000 Interest, USD deposit, BDO (USD10,000 @42) 420,000 Interest, deposit in HK (HKD10,000 @5) 50,000 Prize (TV) won in a local lottery 50,000 PCSO winnings 2,000,000 Prize won in US contest 300,000 Lotto winning in US 100,000 Dividend, domestic company 600,000 How much is the total final tax in 2019 assuming he is a Resident citizen? (correct format: 100,000)

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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Question

Carl received the following passive income in 2019: (in Peso)
Interest, peso deposit, BPI 100,000
Interest, USD deposit, BDO (USD10,000 @42) 420,000
Interest, deposit in HK (HKD10,000 @5) 50,000
Prize (TV) won in a local lottery 50,000
PCSO winnings 2,000,000
Prize won in US contest 300,000
Lotto winning in US 100,000
Dividend, domestic company 600,000

How much is the total final tax in 2019 assuming he is a Resident citizen? (correct format: 100,000)

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