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Compute the total final tax that should have been withheld

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Reference no: EM132711320

Mr. Aguak earned the following prizes from two different competitions:

Date                            Event                         Gross Prize

January 4, 2017       Singing competition         P 12, 000

February 14, 2017      Painting Competition    10, 000

Problem 1: Compute the total final tax that should have been withheld from the above prizes.

a. P 5, 500

b. P 4, 420

c. P 3, 000

d. P 2, 400

Mr. Rems Orayt participated in two different events on January 4, 2020:

Date                             Organizer Competition              Gross Prize

January 4, 2020    Ang Mahiwagang Boses Singing          P 10, 000

January 4, 2020     Sexy Body Foundation Dancing          11, 000

Problem 2: Compute the total final tax that should have been withheld from the above prizes.

a. P 0

b. P 4, 420

c. P 3, 000

d. P 2, 00

Reference no: EM132711320

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