Reference no: EM132726314
Problem 1: Mr. Aguak earned the following prizes from two different competitions:
Date EventGross Prize
January 4, 2017Singing competitionP 12, 000
February 14, 2017 Painting Competition 10, 000
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
Problem 2: Mr. Rems Orayt participated in two different events on January 4, 2020:
DateOrganizer CompetitionGross Prize
January 4, 2020 Ang Mahiwagang BosesSingingP 10, 000
January 4, 2020Sexy Body FoundationDancing 11, 000
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
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