Becky purchased a P1,500,000 life insurance policy for P100,000. Durin

1.	Becky purchased a P1,500,000 life insurance policy for P100,000. During the year, Becky died and her heirs collected the entire proceeds. How much of the proceeds is exempt from income tax?
Answer» ANSWER: FIRST MARK me BRAINLEAST

Becky purchased a P1,500,000 life insurance policy for P100,000. During the year, Becky died and her heirs collected the entire proceeds. How much of the proceeds is exempt from income tax?

Answer»

ANSWER:

FIRST MARK me BRAINLEAST

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Becky purchased a P1,500,000 life insurance policy for P100,000. During the year, Becky died and her heirs collected the entire proceeds. How much of the proceeds is exempt from income tax?​

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Becky purchased a P1,500,000 life insurance policy for P100,000. During the year, Becky died and her heirs collected the entire proceeds. How much of the proceeds is exempt from income tax?