A resident citizen obtains P9,500 each from the following sources, net of final tax. Under which of the following passive income does the government obtain the least amount of final tax? * O share in net income of a taxable partnership O prizes O interest income from bank deposits 1900 O interest income from tax-free covenant bonds
A resident citizen obtains P9,500 each from the following sources, net of final tax. Under which of the following passive income does the government obtain the least amount of final tax? * O share in net income of a taxable partnership O prizes O interest income from bank deposits 1900 O interest income from tax-free covenant bonds
Chapter12: Alternative Minimum Tax
Section: Chapter Questions
Problem 3BCRQ
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