Reference no: EM132842288
Mr. Rex derived the following income in 2019:
Business income P 200,000
Compensation Income 300,000
Interest Income from 5/6 100,000
Lending to clients Interest income from bank 20,000 deposit Royalty income 100,000
Capital gains on sale of 20,000 personal car
Capital gain on the sale of stocks directly to a buyer 40,000
Ordinary gain on sale of stocks directly to a buyer 10,000
Dividend income 50,000
Problem 1: How much is the total passive income subject to final tax?
A. P270,000
B. P290,000
C. P170,000
D. P190,000
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