Enrique Requiestas, resident citizen, widower, with a dependent minor brother, had the following data on income and expenses.
Gross business income P 500,000
Business expenses 200,000
Interest from savings deposit, BPI-Makati, Philippines 50,000
Prize in a literary contest he joined 100,000
Prize received for achievement in literature (did not join the contest) 10,000 Gain from sale of bonds (maturity is 6 years) 5,000
Cash he inherited from his uncle 300,000
Winnings from illegal gambling 20,000
Compute the total final tax from certain income.
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