PROBLEM 1

Complete the table:

Amount of Final Tax BIR Form to

Date of Transaction Nature of Final Income Final Tax Deadline of Filing
Income Rate be Filed
1 March 7, 2018 Royalty on literary works paid to individual 62,500.00
Interest income under the foreign currency deposit system given to
2 June 11, 2018 150,000.00
a non-resident alien not engaged in trade or business
3 February 21, 2019 Share of profits of a partner 78,000.00
4 December 14, 2019 Lotto winnings 12,000,000.00
Dividend received by a non-resident foreign corporation from a
5 August 26, 2020 850,000.00
domestic corporation

6 September 13, 2020 2,500,000.00

PCSO lotto winnings given to the non-resident foreign corporation
7 October 29, 2020 Singing contest prize of an individual 8,300.00

PROBLEM 2

A taxpayer earned the following interest income from various time deposits:

6-month time deposit 6,000.00

2-year time deposit 18,000.00
5-year time deposit 62,000.00
Total 86,000.00

Required: Compute the final tax if the taxpayer is an (a) individual and if a (b) corporation.

PROBLEM 3

In reviewing its tax compliance, Jay Bank noted that it failed to remit the P 90,000.00 final taxes it withheld for the month of February 2017. Compute the total amount
of taxes due including the penalties (except for compromise penalty) if Jay Bank settles the obligation on March 20, 2017.

PROBLEM 4

Mr. Realtalk submitted a sworn statement regarding the alleged tax evasion practices of Daya Corporation. This led the BIR to recover P20,000,000.00 unpaid taxes.
How much net tax infomer's reward shall be paid to Mr. Realtalk?