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  • Direction: Answer The Problem and Provide Your Solution in Good Form

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    Renzo Karunungan
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    A resident citizen named Naomi Smalls won P4,000 in the Super Lotto 6/49 drawing on August 2, 2020 by correctly guessing 4 numbers. According to the document, no tax would be withheld by the Philippine Charity Sweepstakes Office (PCSO) from Naomi Smalls' lottery winnings since the amount won was below P10,000.

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    2.1.1 Exercise Individual. FWT

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    A resident citizen named Naomi Smalls won P4,000 in the Super Lotto 6/49 drawing on August 2, 2020 by correctly guessing 4 numbers. According to the document, no tax would be withheld by the Philippine Charity Sweepstakes Office (PCSO) from Naomi Smalls' lottery winnings since the amount won was below P10,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    388 views1 page

    Direction: Answer The Problem and Provide Your Solution in Good Form

    Uploaded by

    Renzo Karunungan
    A resident citizen named Naomi Smalls won P4,000 in the Super Lotto 6/49 drawing on August 2, 2020 by correctly guessing 4 numbers. According to the document, no tax would be withheld by the Philippine Charity Sweepstakes Office (PCSO) from Naomi Smalls' lottery winnings since the amount won was below P10,000.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    KARUNUNGAN, Renzo Miguel G.

    AIS 2A
    Direction: Answer the problem and provide your solution in good form.
    Naomi Smalls, a resident citizen, won in the Super Lotto 6/49 on August 2,
    2020 by getting 4 numbers correctly. The total winnings during that time was
    P4,000.00. Compute for the amount of final tax withheld by PCSO.

    Ans: there would be no amount retained by the PCSO and Lotto winning of
    Naomic Small since it is beneath P10,000

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