34 A, a resident citizen, promoted a world boxing championship in Manila featuring B, a Filipino champion. Gate receipts amounted to P3,000,000 and additional receipts from television coverage was P2,000,000. Assuming that the above data is not a world championship but a Philippine national boxing championship, how much is the amusement tax?
34 A, a resident citizen, promoted a world boxing championship in Manila featuring B, a Filipino champion. Gate receipts amounted to P3,000,000 and additional receipts from television coverage was P2,000,000. Assuming that the above data is not a world championship but a Philippine national boxing championship, how much is the amusement tax?
Chapter6: Deductions And Losses: In General
Section: Chapter Questions
Problem 13DQ
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34
A, a resident citizen, promoted a world boxing championship in Manila featuring B, a Filipino champion. Gate receipts amounted to P3,000,000 and additional receipts from television coverage was P2,000,000.
Assuming that the above data is not a world championship but a Philippine national boxing championship, how much is the amusement tax?
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT