Mr. Tuao won an P800,000 prize in a national dancing competition. The organizer of the event declared that the P800,000 grand prize was "tax free." How much final tax must be remitted by the organizer to the BIR?
Mr. Tuao won an P800,000 prize in a national dancing competition. The organizer of the event declared that the P800,000 grand prize was "tax free." How much final tax must be remitted by the organizer to the BIR?
Chapter5: Introduction To Business Expenses
Section: Chapter Questions
Problem 51P
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Mr. Tuao won an P800,000 prize in a national dancing competition. The organizer of the event declared that the P800,000 grand prize was "tax free." How much final tax must be remitted by the organizer to the BIR?
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