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Compute the gross income subject to progressive tax

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Reference no: EM132961371

Question - Got to Believe has the following income in 2020: Interest income from tenants on the sale of agricultural land pursuant to the Agrarian Reform Program P22,000

Sales from fruits 1,200,000

Sales from vegetables 1,400,000

Sales of carabao (acquired for P60,000 in 2020) 65,000

Required - Compute the gross income subject to progressive tax?

Reference no: EM132961371

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