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The taxpayer had the following data at the end of the current year: Assuming that the taxpayer is a non-resident citizen, the total amount of
The taxpayer had the following data at the end of the current year:
Assuming that the taxpayer is a non-resident citizen, the total amount of final taxes would be:
P23,400
P13,400
P48,400
P19,400
\begin{tabular}{|l|r|r|} \hline & Philippines & South Korea \\ \hline Gross profit from sales & P3,000,000 & P10,000,000 \\ \hline Interest from FC bank deposit & 20,000 & 40,000 \\ \hline Royalties from patents & 60,000 & 100,000 \\ \hline Dividends from domestic corporation & 50,000 & \\ \hline Prizes & 12,000 & \\ \hline Operating & 2,000,000 & 5,000,000 \\ \hline expenses & & \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline & Philippines & South Korea \\ \hline Gross profit from sales & P3,000,000 & P10,000,000 \\ \hline Interest from FC bank deposit & 20,000 & 40,000 \\ \hline Royalties from patents & 60,000 & 100,000 \\ \hline Dividends from domestic corporation & 50,000 & \\ \hline Prizes & 12,000 & \\ \hline Operating & 2,000,000 & 5,000,000 \\ \hline expenses & & \\ \hline \end{tabular}Step by Step Solution
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