Question
XXX, A domestic corporation declared P1,000,000 dividends in 2021. 40% of its outstanding shares is held by its only domestic corporate investor. Compute the amount
XXX, A domestic corporation declared P1,000,000 dividends in 2021. 40% of its outstanding shares is held by its only domestic corporate investor. Compute the amount of dividends tax to be withheld by XXX assuming 50% of the other investors are resident citizens and 10% are non-resident citizens.
A. 100,000
B. 60,000
C. 40,000
D. Zero
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Operations Management Creating Value Along the Supply Chain
Authors: Roberta S. Russell, Bernard W. Taylor
7th Edition
9781118139523, 0470525908, 1118139526, 978-0470525906
