Exercise 1-Inroduction to Taxation

In the space provided for, indicate whether the statement relates to a Constitutional Limitation (C) or Inherent
Limitation (I). If it is not a limitation to the taxing power, indicate (N).

1. Exemption from property taxes of religious, educational, and charitable entities. C

2. Government income and properties are not objects of taxation. I
3. Each local government shall have the power to create its own sources of revenue. C
4. Imprescriptibly in taxation. N
5. Non-impairment of obligation and contracts. C
6. Guarantee of proportional system of taxation. C
7. International courtesy. I
8. Non-impairment of the jurisdiction of the Supreme Court to review tax cases. C
9. The government is not subject to estoppel. N
10. Imprisonment for non-payment of poll tax. N
11. Non-assignment of taxes. C/I
12. Territoriality of taxation. I
13. Taxes must be for public use. I
14. Exemption of the property of religious institutions from income tax. N
15. Exemption of the revenues and assets of non-profit, non-stock educational institutions. C
16. Non-delegation of the taxing power. C/I
17. Non-appropriation for religious purpose. C
18. The requirement of absolute majority in the passage of a tax exemption law. C
19. Non-imprisonment for non-payment of tax or debt. N
20. Taxpayers under the same circumstance should be treated equal both in terms of privileges and obligations. C

Exercise 2-Tax, Tax Laws, and Tax Administration

Drill 1. Identify the type of tax that is described by the following:
1. Tax that remains at flat rate regardless of the value of the tax object. Proportional tax
2. Tax which is collected on a per unit basis. Specific tax
3. Tax that is collected upon the statutory taxpayer. Direct tax
4. Tax imposed to regulate businesses or professions. Regulatory tax
5. Tax upon performance of an act or enjoyment of a privilege. Excise tax or privilege tax
6. A consumption tax collected by non-VAT businesses. Percentage tax
7. Tax on gratuitous transfer of property by a living donor. Donor’s tax
8. Tax that decreases in rates as the amount or value of the tax object increases. Regressive tax
9. Tax collected upon persons who are not the statutory taxpayers. Indirect tax
10. Tax that is imposed based on the value of the tax object. Ad valorem tax
11. Tax for general purpose. Fiscal/General/Revenue tax
12. Tax imposed by the national government. National tax
13. A tax on sin products or non-essential commodities. Excise tax/Sin tax
14. Imposed on the gratuitous transfer of property upon death. Estate tax
15. Tax on residents of a country. Community tax or residency tax

Drill 2. Identify which item is described by the following:

1. It is a post-activity rather than a pre-activity imposition. Tax
2. It is subject to compensation or set-off. Debt
3. It is a charge for the use of other’s property. Toll
4. It is an imposition intended to discourage an act. Penalty
5. It arises from contracts rather than from law. Debt
6. It refers to all income collections of the government. Revenue
7. It is an imposition for the support of the government. Tax
8. It is imposed upon land adjacent to public improvements. Special assessment or special levy
9. It is imposed in imported and exported commodities. Customs duties
10. It is a charge imposed prior to the commencement of business or exercise of a profession. License

Exercise 3-Introduction to Income Tax

Drill 1. Check the box where each of the following items is taxable:
Transaction Income Tax Transfer Tax
1. Transfer for less than full and adequate consideration / /
2. Transfer of properties from a decedent to the heirs upon death /
3. Donation of properties /
4. Rendering of services /
5. Sale of goods /
6. Barter of properties /

Drill 2. Indicate the appropriate classification for each of the following taxpayers:
DC-Domestic corporation RC- Resident citizen
RFC- Resident foreign corporation NRC- Non-resident citizen
NRFC- Non-resident foreign corporation RA-Resident alien
NRA-ETB- Non-resident alien engaged in trade or business NT- Not a taxpayer
NRA-NETB- Non-resident alien not engaged in trade or business

Person or Entity Classification

1. A fat Mexican tourist NRA-NETB
2. A hardworking overseas Filipino worker RC
3. An expatriate employee NRC
4. A Filipino who is privately employed in the Philippines RC
5. An unemployed Filipino residing in the Philippines RC
6. A Chinese businessman who has his domicile in the Philippines for 6 months NRA-ETB
7. A Japanese who married a beautiful Filipina and has been residing in the Philippines for 2 years RA
8. A 2nd year Korean college student studying in the Philippines RA
9. A corporation incorporated under Philippine law DC
10. A foreign corporation doing business in the Philippines RFC
11. Trust designated by the donor as irrevocable RC
12. A non-profit corporation organized in the Philippines DC
13. A business partnership DC
14. A taxable joint venture organized in the Philippines DC

Drill 3. Check the box that properly corresponds to the taxability of the following taxpayers:
Taxpayer World income Philippine income
1. Resident citizen /
2. Resident foreign corporation /
3. Non-resident alien engaged in trade or business /
4. Resident alien /
5. Non-resident citizen /
6. Non-resident foreign corporation /
7. Non-resident alien not engaged in business /
8. Taxable trusts established by a Filipino citizen
in the Philippines /
9. Taxable state of a non-resident citizen judicially
Administered Abroad /
10. Domestic corporation /

Exercise 4-Income Tax Schemes, Accounting Periods, Methods, and Reporting

 
1. A corporation reporting on a fiscal year ending every March 31 shall file its 2021 income tax return not later than
a. April 15,2021
b. April 15,2022
c. June 15,2021
d. July 15,2021
Note: The return is due for filing on the 15th day of the 4th month following the close of the taxable year of the
taxpayer. Since the taxpayer in this problem uses fiscal year ending March 31, the fourth month falls on July and the
deadline is July 15,2021.

2. Mr. Joe started business on July 15, 2021. What should be the coverage of his 2021 income tax return?
a. July 15, 2021 to December 31,2021
b. July 16, 2021 to July 15,2022
c. January 1 to July 15,2021
d. January 1 to December 31,2021

3. Stormborn Co. started business on April 5,2021 and opted to report income tax on a fiscal year ending every
October 31. Stormborn’s first income tax return shall cover
a. April 5, 2021 to April 5,2022
b. April 5,2021 to December 31,2021
c. April 5,2021 to October 31,2021
d. April 6,2021 to October 31,2021

4. Myra Co. reports on a calendar year. On August 15,2021, it stopped business due to persistent losses. Myra Co.’s last
income tax return shall cover
a. 1 to August 15,2021
b. January 1 to December 31,2021
c. August 15, 2020 to August 15,2021
d. August 15 to December 31,2021

5.  Effective July 2,2022, Paraiso Co. changed its fiscal year ending every march 31 to anther fiscal year ending
every August 31. An adjustment return shall be filed covering the period
a. July 3 to August 31,2022
b. April 1 to July 2,2022
c. April 1 to August 31,2022
d. April 1 to July 1,2022

6. Tokyo Co. reported the following data for 2021:• Total net sales made to customers were P2,000,000 in cash.•
Goods purchased for sale totaled P1,200,000 in cash. Beginning and ending inventory of goods for sale, respectively,
were P200,000 and P300,000.• 1-year advanced rent of P30,000 to apply for 2022 was received from sublease
contract.• P40,000 total interest income from customers promissory note earned. P30,000 of this was collected.•
Unrealized foreign exchange gains from foreign currency receivables totaled P60,000.Using cash basis, compute the
total income subject to income tax.
a. P990,000
b. P960,000
 c. P690,000
d. P750,000

Cash income:
Net sales P 2,000,000
Advanced rent 30,000
Interest income-collected portion only 30,000
Total gross income 2,060,000
Cash expenses:

Beg. Inventory 200,000

Purchases 1,200,000
Total goods available for sale 1,400,000
Less: Ending inventory 300,000
Cost of goods sold 1,100,000

1,100,000
Net income 960,000

7. Tokyo Co. reported the following data for 2021:• Total net sales made to customers were P2,000,000 in cash.•
Goods purchased for sale totaled P1,200,000 in cash. Beginning and ending inventory of goods for sale, respectively,
were P200,000 and P300,000.• 1-year advanced rent of P30,000 to apply for 2022 was received from sublease
contract.• P40,000 total interest income from customers promissory note earned. P30,000 of this was collected.•
Unrealized foreign exchange gains from foreign currency receivables totaled P60,000. Using accrual basis, compute
the total income subject to income tax
a. P1,000,000
b. P1,060,000
c. P970,000
d. P960,000
Cash income:
Net sales P 2,000,000
Advanced rent 30,000
Interest income 40,000
Total gross income 2,070,000
Cash expenses:

Beg. Inventory 200,000

Purchases 1,200,000
Total goods available for sale 1,400,000
Less: Ending inventory 300,000
Cost of goods sold 1,100,000

1,100,000
Net income 970,000

8. Gab is a dealer of household appliances. He reported the following in 2021 and 2022:
Gab’s 2022 collection is inclusive of P100,000 accounts from 2021.

Using the installment method, compute Gab’s gross income subject to income tax in 2022.
a. P250,000
b. P275,000
c. P360,000
d. P320,000
2021 2022
Installment sales P 500,000 P 800,000
Cost of installment sales 250,000 440,000
Gross profit 250,000 360,000
Percent of installment
(Collection/Contract price) x Gross profit
Collection from 2021 (100,000/500,000) 250,000
Collection in 2022 (500,000/800,000) 360,000
50,000
225,000
TOTAL Gross Income under installment method (50,000+225,000) 275,000

9. Gab is a dealer of household appliances. He reported the following in 2021 and 2022

Using the accrual basis of accounting, compute Gab’s gross income subject to income tax in 2022.
a. P320,000
b. P360,000
c. P275,000
d. P250,000

10. Parrot Inc. constructs residential properties for clients and reports income by the percentage of completion method.
In 2021, Parrot Inc. started a P2,000,000 construction contract. Details of his 2021 and 2022 construction follow

Compute the construction income in 2021 and 2022.

a. P200,000; P560,000
b. P400,000; P400,000
c. P400,000; P560,000
d. P200,000; P400,000

11. Max entered into a 40-year lease contract with Perlas. Per agreement, Max will construct a building on Perlas lot and
operate the same for 40 years. Ownership of the building will transfer to Perlas upon the termination of the lease.
The lease will not commence until the building is completed. Max completed the building at a total cost of
P40,000,000 on January 1,2022. The building is expected to be used over 50 years. Compute Perlas income form the
leasehold improvement to be reported in 2022 using the spread-out method.
A. P32,000,000
B. P200,000
 C. P8,000,000
D. P4,000,000

12. In the immediately preceding problem, assume that the building was completed on July 1,2022, what is
the income using outright method.
a. P 32,000,000
b. P8,000,000 
c. P4,000,000
d. P 40,000,000
Solution:
User Years of usage Allocation Cost
Lessee 40 40/50x40,000,000 32,000,000
Lessor 10 10/50x40,000,000 8,000,000
50 40,000,000

13. A taxpayer received a notice from the BIR to file his 2020 income tax return not later than January 15,2022. The tax
due per his return is P100,000. What is the total surcharge penalty?
a. 25,000
b. P 20,000
c. P0
d. P 50,000
Solution:100,000 x 50% = 50,000
Note: 50% surcharge apply. There is a prior BIR notice so this is a case of willful neglect

14. What is his total interest penalty?

a. P 15,068
b. P 7,900
c. P 6,500
d. P 9,041
Solution:
Number of days:
April 16-December 31,2021 260 days
Jan 1-15, 2022 15 days
Total 275 days
100,000 x 12% x 275/365 = 9,041

15. Compute the compromise penalty.

a. P 30,000
b. P 10,000
c. P 15,000
d. P 20,000

Exercise 5-Final Withholding Taxes

Classify if the following are subject to final tax in the Philippines. Use the code below:
T - Taxable
NT - Non-taxable
 Income within Income outside
1. Resident citizen /
2. Resident alien /
3. Nonresident citizen /
4. Nonresident alien engaged in trade /
or business
5. Nonresident alien not engaged in /
trade or business

Identify the applicable rate for the following items of income for individuals:
1. Interest on peso bank deposit – 20%
2. Prizes above P10,000 -20%
3. Winnings -20%
4. Lotto Winnings above 10,000 -20%
5. Dividends from Domestic Co -10%
6. Royalties on Inventions -20%
7. Royalties on literary works -10%
8. Interest on foreign currency deposit -15%

Tony Fopalan, a resident citizen, received the following income during the year. Compute for the final tax for each of the
items and write your answer in this format: 10,000 (no peso sign, no spacing, with comma). Write 0 if final tax is not
applicable.

1. Income from profession -0

2. Cost of services -0
3. Rent, Philippines -0
4. Rent, Hongkong -0
5. Interest, peso deposit, MBTC -400
6. Interest, US dollar deposit, BDO -450
7. Cash prize won in a local contest -0
8. Winnings, won in a local lottery -10,000
9. Lotto winnings in US -0
10. Dividend, AB Co., domestic -6,000
11. Dividend, YZ Co., foreign -0
12. Royalty as author of tax book -30,000

Exercise 6 – Capital Gains Tax

1. Arnulfo T. Quijano, a resident of No. 35 Sulucan St., Sampaloc, Manila with TIN 987-042-617, RDO 032 sold the
following shares of stock:

The capital gain tax on the July 12, 2020 sale is

a. 18,975
b. 13,000
c. 130,000
d. 19,500

2. The capital gain tax on the August 15, 2020 sale is

a. 7,500
b. None
c. 18,300
d. None of the above
e. 1,200
3. The capital gain tax on the November 5, 2020 sale is
a. 5,250
b. 1,750
c. 35,000
d. 4,875
e. None of the above
4. The tax payable/refund on the consolidated return is
a. 23,550
b. ( 1,200)
c. None of the above
d. 1,200
e. (1,350)

5. The tax due on the April 20, 2020 sale is

a. None of the above
b. 7,500
c. 250
d. 2,500
e. 300

Problem II: Indicate whether the item is subject to capital gains tax or not

CGT Not CGT/Exempt from CGT

1. Rudy sold his residential lot to Chinay. /
2. Manny sold his commercial building to Pinky. /
3. Zia sold her principal residence to Ping and used /
the proceeds in buying a new residence.
4. Kim sold his principal residence to Che and used /
1/2 of the proceeds in buying an new residence.
1. The capital gains tax is 210,000
2. The documentary stamp tax on the sale is 52,500
3. The capital gains tax of Mr. Gan if the proceeds of sale was utilized in acquiring a new residence. None
4. The amount to be deposited in escrow if the proceeds of the sale shall be utilized in acquiring a new residence.
210,000
5. The capital gains tax payable assuming that Mr. Gan will utilize only P1,500,000 of the proceeds in acquiring a new
residence? 105,000
6. Based on the preceding question, how much will be the cost basis of the new residence? 1,000,000

Exercise 7-Intro to Regular Income Tax

1. Troy Foz has a merchandising business. The Gross Income, net of creditable withholding taxes of P20,000, of the
business totaled P860,000. Total expenses incurred by the business totaled P420,000 (P100,000 cannot be allowed
for deduction). He also received a prize from a competition in the amount of P50,000

Items As an Individual As a Corporation

Gross Income 880,000 (860,000+20,000) 930,000 (880,000-50,000)
Allowable deductions 320,000 (420,000-100,000) 320,000 (420,000-100,000)
Taxable income 560,000 (880,000-320,000) 610,000 (930,000-320,000)
Tax Due 70,000 (30,000 + 40,000) 152,500 (610,000x 25%)
Tax credits 20,000 20,000
Tax payable 50,000 (70,000-20,000) 132,500 (152,500-20,000)

2. Florence Marie, a mixed income earner, obtained the following for the quarters of 2020.

Items Q1 Q2 Q3 Annual
Gross income from business 910,000
Allowable deductions 580,000
Net income from operation 60,000 50,000 50,000 330,000
Taxable income from previous quarters
Non-operating income 60,000
Total taxable business income to date 125,000 220,000 390,000
Taxable compensation income 470,000
 Total taxable income 60,000 860,000
Tax due 0 0 0 148,000
Tax credits 47,500
Tax payable 100,500

3. Fritz, a mixed income earner, reported a taxable compensation income of P400,000. His taxable business income is
P800,000. The cost of services and allowable deductions from the business are P1,000,000 and P500,000,
respectively. Answer the following independent questions.

How much is the tax due if Fritz chooses to be taxed at 8%?

ANSWER: 214,000

COMPENSATION INCOME:
Taxable Compensation Income 400,000
TAX DUE 30,000

Progressive Tax Table

20% of excess over 250,000
20% (400,000-250,000)

BUSINESS INCOME:
Taxable business income 800,000
Add back: Allowed deductions 500,000
Gross income form business 1,200,00
Add back: Cost of sales 1,000,000
Gross sales 2,300,000

8% OPT (2,300,000 x 85)=184,000

TOTAL TAX DUE (30,000+184,000) 214,000

2. How much is the total tax due if Fritz chooses to be taxed at graduated rates?
ANSWER: 250,000

Compensation income 400,000

Business income 800,000
Total taxable income 1,200,000

Progressive Table:
130,000 + 30% of excess over 800,000
130,000 + 30% (1,200,000-800,000)
130,000 + 120,000

3. Ignore the compensation income. How much is the tax due if Fritz chooses to be taxed at8%?
ANSWER: 164,000

Gross sales 2,300,000

Less: 250,000
Taxable income 2,050,000 x 8% = 164,000
 
4. Ignore the compensation income. How much is the total tax due if Fritz chooses to be taxed at graduated
rates? ANSWER: 130,000

Taxable business income 800,000

30,000 + 25% of excess over 400,000
30,000 + 25% (800,000-400,000)

Exercise 8-Exclusions from Gross Income

Determine whether or not the income/proceeds described below is a taxable
Taxable Exempt
1. Dividend income received by a domestic corporation from /
another domestic corporation
2. Exemplary damages /
3. Interest from nontaxable damages /
4. Royalties, in general /
5. Separation pay received by a 50-year old employee /
due to the retrenchment program of the employer.
6. Income derived from investments in the Philippines in /
loans, stocks, bonds or other domestic securities by
foreign governments, financing institutions owned,
controlled or enjoying refinancing from foreign governments
and international or regional financing institutions
established by foreign governments.
7. Income derived from interest on deposits in banks in /
the Philippines by foreign governments, financing
institutions owned, controlled or enjoying refinancing
from foreign governments and international or regional
financial institutions established by foreign governments.
8. Income from business transacted by CDA registered /
cooperatives with members
9. Prize won in Pilipinas Got Talent /

A. Alba insured his life with his estate as beneficiary. In 2020, after Mr. Alba had paid P165,000 in premiums, he
assigned the policy to Mr. Simon for P160,000, and Mr. Simon collected the total proceeds of P2,000,000. Mr.
Simon, after the assignment, and before Mr. Alba’s death, paid total premiums of P180,000.
1. Compute for the exempted amount:
ANSWER: 340,000

Proceeds of life insurance 2,000,000

Cost to Mr. Santos:
AC 160,000
Premium payments of Mr. Santos 180,000 340,000
Reportable income 1,660,000

2. Compute for the taxable amount:

ANSWER: 1,660,000

Proceeds of life insurance 2,000,000

 Cost to Mr. Santos:
AC 160,000
Premium payments of Mr. Santos 180,000 340,000
Reportable income 1,660,000

A rank and file employee received the following benefits from his employer:13th month pay P 50,000; 14th month pay
50,000; Christmas bonus 30,000 = Total 13th month and other benefits P130,000
- How much was the taxable benefits? 40,000

The following were received by a resident citizen employee, married, and with four (4) qualified dependent children for
the year 2020: Salary (net of P30,000 withholding tax; P5,000 SSS contribution; P4,000 union dues), P496,000; 13th
month pay, P50,000; 14th month pay, P50,000.
- How much was the taxable compensation income? 536,000

Based on the following data, compute the total exclusions from gross income:

Answer: 117,400

A resident citizen, 50 years old, married, with three (3) qualified dependent children asks you to assist him in computing
his taxable net income for the year 2020:

- How much was the total amount of excluded or exempted income? 2,560,000
- How much is the final withholding tax on certain income? 120,000
-  How much is the taxable net income? - 948,947

A resident citizen, widower, with a dependent minor brother, had the following data on income and expenses: Gross
business income, P500,000; Business expenses, P200,000; Interest from savings deposit, BPI-Makati, Philippines,
P50,000; Prize in a literary contest he joined, P10,000; Prize received for achievement in literature (did not join the
contest), P10,000; Gain from sale of bonds(maturity is 6 years), P5,000; Separation pay from his former job (resigned),
P250,000; Cash he inherited from his uncle, P300,000; Proceeds of his wife’s life insurance (irrevocable
beneficiary),P1,000,000; Amount received as return of premium (premium paid, P150,000), P200,000; Tax Informer’s
Reward, P500,000; Interest income from Government bonds, P20,000; Winnings from illegal gambling, P10,000.

- How much was the total amount of excluded or exempted income? 1,485,000
- How much was the total final withholding tax from certain income? 60,000
-  How much was the taxable income subject to Regular Income Tax? 620,000
Exercise 9-Inclusions in Gross Income

Indicate whether the item is taxable or nontaxable with income tax

TAXABLE NON-TAXABLE
1. Income derived from smuggling. /
2. Interest received from life insurance’s annuity. /
3. Annual clothing allowance of P4,000 /
4. Hazard pay received by MWE. /
5. Gains from redemption of shares in mutual fund. /
6. Magsaysay awards. /
7. GSIS Retirement benefits. /
8. Cash surrender value received from insurance in /
excess of premium paid.
9. Proceeds from life insurance of a deceased employee /
received by the employer.
10. Dividend income derived in the Philippines by /
the Taiwan Government.
11. Gains from the sale of bond with a maturity of /
four years.
12. Gains from the sale of certificate of indebtedness /
with a maturity of six years.
13. Cancellation of debt in lieu to services rendered. /
14. Shares of stock received due to professional /
service rendered.
15. Accumulated vacation and sick leave credits for /
government employees converted into cash
at the end of employment contract.
16. Monetized sick leave credits of private employees /
17. Overtime pay of a minimum wage earner /
18. Statutory minimum wage of MWE who has other /
reportable income
19. Amount received in payment of moral damages /
due to physical injuries
20. Interest income in bank deposit earned by the duly /
registered cooperative

II: PROBLEM SOLVING

Anthony, an amateur boxer, represented the Philippine team in Beijing Olympics. He received the following income:
P200,000 cash prize from the Olympic association; P500,000 cash award donated by Rubberworld Philippines; P400,000
talent fee as model of Nike Shoes and P1,000,000, professional fee as an actor. On the other hand, Pacman a
professional boxer won in a non-titled bout between him and El Terrible held at Mandalya Bay, Las Vegas, Nevada.
Pacman received the following: P25 million as cash prize in the fight; P30 million from Pay per view; P12 million talent
fee as commercial of San Miguel Beer.

1. How much is gross income inclusion to Anthony?

a. P2,100,000
b. P1,400,000
c. P42,000,000
d. P12,000,000
2. How much is gross income inclusion to Pacman?
a. P42,000,000
b. P1,400,000
c. P67,000,000
d. P12,000,000

3. Moana has the following royalties during the year. From mining properties in the Philippines 550,000; From musical
compositions in the Philippines 450,000; From books published abroad 250,000; From licensing earned by her
domestic business 800,000. How much is to be included in the gross income?
ANSWER: 1,600,000

4. A portfolio of equity investments held by a resident citizen taxpayer received cash dividends from the following
during the year: Domestic Corporation 400,000; Resident Foreign Corporation 300,000; Non-Resident Foreign
Corporation 200,000. The pre-dominance test on the Resident Foreign Corporation revealed a 60% rate.

ANSWER: 500,000

A taxpayer incurred P60,000 bad debt expense in 2018 out of which P35,000 was recovered in2020:

- How much should be the taxable net income for 2020? 155,000
A taxpayer incurred P90,000 bad debt expense in 2018 out of which P60,000 was recovered in2020.

- How much is the reportable income in 2020? 180,000

 
A taxpayer incurred P90,000 bad debt expense in 2019 out of which P45,000 was recovered in 2020:

ANSWER: 10,000

Mr. Mario Matiyaga, 50 year old, rendered service as a security guard of Anscor Corporation. He had a monthly salary of
P5,000 before retirement in October 31, 2021. During the same taxable year he received P500,000 retirement benefits
in accordance with reasonable private benefit plan maintained by Anscor Co.

1. Required: Compute for the amount to be included in the gross income of Mr. Matiyaga for 2021 based on
the following independent assumptions: 1. He received the retirement benefit for the first time after serving
for 10 years2.
ANSWER:
5,000 X 10 = 50,000
 
2. He received the retirement benefit for the second time
ANSWER: 550,000
Retirement benefits P500,000
Salary earned 50,000
Gross income P550,000

XYZ Company has the following data:

The taxable amount on recovery of bad debt previously deducted is ______________

Case 1-P40,000; Case 2-P30,000; Case 3-P40,000; Case 4-P85,000
Case 1-P40,000; Case 2-P20,000; Case 3-P40,000; Case 4-P70,000
Case 1-P30,000; Case 2-P30,000; Case 3-P55,000; Case 4-P85,000
Case 1-P30,000; Case 2-P60,000; Case 3-P25,000; Case 4-P70,000