Passive income is income that requires minimal labor to earn and maintain. In the Philippines, certain items of passive are subject to final tax. Which of the following are passive income subject to final tax? *

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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MC: Topic: Income Taxation

Passive income is income that requires minimal labor to earn and maintain. In the Philippines, certain items of passive are subject to final tax. Which of the following are passive income subject to final tax? *

  1. Rental income on real property located in the Philippines
  2. Rental income on personal property located in the Philippines
  3. Interest income on savings deposit with a local bank
  4. All of the above
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