In 2020, Bongbong Jr. created two (2) trusts for his minor son, Chiz. During the year, the two trusts earned net income as follows: Trust 1: P4,000,000 Trust 2: P6,000,000 How much is the income tax due of Trust 2? P1,866,000 P1,895,160 P1,899,000 P1,891,320

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Q: n 2020, Bongbong Jr. created two (2) trusts for his minor son, Chiz. During the year, the two trusts…

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Q: n 2020, Bongbong Jr. created two (2) trusts for his minor son, Chiz. During the year, the two trusts…

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Q: conjugal property

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