Question
ABC Corporation earned the following income in 2019 (gross of withholding tax): Interest on bank deposit, BPI Manila P100,000 Interest, US Dollar deposit, BPI
ABC Corporation earned the following income in 2019 (gross of withholding tax): Interest on bank deposit, BPI Manila P100,000 Interest, US Dollar deposit, BPI Manila $ 50,000 Dividend Income from a Domestic Co. P100,000 Royalty, Philippines P600,000 Royalty, US P200,000 Exchange rate: P50:$1 How much is the total final withholding tax if ABC Corporation is a domestic corporation? O P327,500 O P240.000 O P515,000 O P525,000
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
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