Answered: Problem 3-18 Keniy used to bet in PCSO… | bartleby

SWFT Essntl Tax Individ/Bus Entities 2020

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter4: Gross Income

Section: Chapter Questions

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Problem 3-18
Keniy used to bet in PCSO lotto. On June 3, 2014, he won the P20,000,000 jackpot prize
from the 6/45 lotto. One P20-ticket out of 10 bets took the prize. How much is Kenjy's
total income subject to tax?
a P20,000,000
b. P19,999,990
c. P19,999,900
d. PO

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