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Problem 3 - Tax on Dividends A former Filipino basketball player, Benjie Paras received USD 2,000 dividends from Coca-Cola corporation from the shares of stock

Problem 3 - Tax on Dividends

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

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

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