Interest income: GRADUATED TAX TABLE UNDER TRAIN LAW (January 1, 2018 to December 31, 2022) On notes receivable 5,000 Over But not over The tax shall be Plus Of excess over On Philippine bank deposit, net of FWT 4,800 On Phil bank deposit under FCDU 4,000 250,000 0 0 On bank deposit abroad 5,000 On long-term bank deposit 20,000 P 250.000 400,000 10 20% P 250.000 400,000 800,000 30,000 25% 400,000 Royalty income: From literary works 10,000 800,000 2,000,000 130,000 30% 800,000 Other than literary works 12,000 2,000,000 8,000,000 490,000 32% 2,000,000 Capital gains: 8,000,000 2,410,000 35% 8,000,000 On sale of shares of stock of ABC Corp. a closely held corporation directly to a buyer at P 550,000 200,000 500,000 On sale of vacation house in Bulacan (Acquisition Cost = 5,500,000; ZV = P 4,000,000, FMV per tax dec: 5,000,000) Leslie, a Filipino Citizen residing in Manila, had the following data for the taxable year 2021: Gross income from rent of commercial spaces, net of P 60,000 withholding tax Business expenses 691,000 P 1,140,000 Dividend income From domestic corporation 50,000 1. How much is the taxable income? From resident foreign corporation 60,000 From non-resident foreign corporation 20,000 Interest income: GRADUATED TAX TABLE UNDER TRAIN LAW (January 1, 2018 to December 31, 2022) On notes receivable 5,000 Over But not over The tax shall be Plus Of excess over On Philippine bank deposit, net of FWT 4,800 On Phil bank deposit under FCDU 4,000 250,000 0 0 On bank deposit abroad 5,000 On long-term bank deposit 20,000 P 250,000 400,000 JO 20% P. 250.000 400,000 800,000 30,000 25% 400,000 Royalty income: From literary works 10,000 800,000 2.000.000 130,000 30% 800,000 Other than literary works 12,000 2,000,000 8,000,000 490,000 32% 2,000,000 Capital gains: 8,000,000 2,410,000 35% 8,000,000 On sale of shares of stock of ABC Corp, a closely held corporation directly to a buyer at P 550,000 200,000 500,000 On sale of vacation house in Bulacan (Acquisition Cost = 5,500,000; ZV = P 4,000,000, FMV per tax dec: 5,000,000) Leslie, a Filipino Citizen residing in Manila, had the following data for the taxable year 2021: Gross income from rent of commercial spaces, net of P 60,000 withholding tax Business expenses 691,000 P 1,140,000 Dividend income 1. How much is the income tax payable? From domestic corporation 50,000 From resident foreign corporation 60,000 From non-resident foreign corporation 20,000