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Mr.X is a Filipino mixed income earner. He is a minimum wage earner in ABC Corporation working as a Security Guard. On the other
Mr.X is a Filipino mixed income earner. He is a minimum wage earner in ABC Corporation working as a Security Guard. On the other hand he has various business interests other than his minimum wage. The following is made available to you as his accountant for the taxable year 2019. How much is the withholding tax on compensation, if any? * Compensation compensation income Income from literary printed royalties Interest income from lending activities Rent income from real properties Gross income from merchandising activities: P700,000.00 P773,600.00 P933,600.00 None of the choices 2 points Php 230,000.00 500,000.00 500,000.00 1,500,000.00 500,000.00
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
