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                                                                                                 2M 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)

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 21CE: On January 1, 2019, Kunto, a cash basis taxpayer, pays 46,228 for a 24-month certificate. The...
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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                                                                                                 2M
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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