1. Nono is a filipino student who is not working but has a lot of passive income because of his investments. here are his investments:
a. 240,000 deposit substitute with 11% annual interest that he started in 2017.
b. 100,000 pesos 8 years time deposit with 11% annual interest that he started in 2016.
c. Nono wrote and published a fiction book back 2015. He earns 11 amount of royalty per book sold. The selling price of the book was 200 pesos and in 2019, 120 books were sold.
compute for the final tax to be paid in 2019?
CAclubindia
