After one year from the death of her husband, Nancy Matyas received the proceeds of life insurance of her husband amounting to P1,254,400 including 12% interest per year. How much is the taxable amount? a. P1,254,400 b. P0 c. P134,400 d. P150,528 e. Answer not given

After one year from the death of her husband, Nancy Matyas received the proceeds of life insurance of her husband amounting to P1,254,400 including 12% interest per year. How much is the taxable amount? a. P1,254,400 b. P0 c. P134,400 d. P150,528 e. Answer not given

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter19: Family Tax Planning

Section: Chapter Questions

Problem 28P

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Question

a. P1,254,400

b. P0

c. P134,400

d. P150,528

e. Answer not given

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