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PHILIPPINE TAXATION 2020 (TRAIN LAW) Pedro, a non-resident citizen, owns 40% of the capital and profits of Karen Corp, a foreign corporation which operates 30%

PHILIPPINE TAXATION 2020 (TRAIN LAW)

Pedro, a non-resident citizen, owns 40% of the capital and profits of Karen Corp, a foreign corporation which operates 30% in the Philippines. Karen Corp., declare P500,000 dividend.

Compute for the total final income tax to be withheld by Karen Corp.

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