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Peter, a resident citizen, received the following during 2020: Proceeds from copyright royalty,...

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Accounting

Peter, a resident citizen, received the following during 2020:

Proceeds from copyright royalty, net of tax P11,250

Proceeds from mineral claim royalty, net of tax 12,000

Share from trading partnership, net of withholding tax 270,000

How much is the total final tax on Peters income?

d. P 4,250

c. P31,250

a. P50,000

b. P34,250

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