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A former Filipino basketball player, Benjie Paras received USD 2,000 in dividends from Coca-Cola corporation from the shares of stock he bought on the New

A former Filipino basketball player, Benjie Paras received USD 2,000 in dividends from Coca-Cola corporation from the shares of stock he bought on the New York Stock Exchange. Please compute the tax on dividends payable to BIR by:

Benjie Paras. Assume that the exchange rate is 1 USD = 50PHP.

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