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TIMED TASK Jihyo Corporation, a domestic corporation, had the following items of revenues and expenses for the calendar year ending 31 December 2022: Sales 10,000,000
TIMED TASK
Jihyo Corporation, a domestic corporation, had the following items of revenues and expenses for the calendar year ending 31 December 2022: Sales 10,000,000 Cost of sales 7,000,000 Rent income, gross of 5% withholding tax 350,000 Royalties earned in the Philippines 40,000 Interest income from bonds 56,000 Interest income from bank deposits 33,000 Operating expenses 1,450,000 Income taxes paid, first three quarters 27,700 Dividends declared and paid 133,000 Further, according to the statement of financial position of Jihyo Corporation as of 31 December 2022, it had P200,000,000 in assets (P40,000,000 of which pertains to the value of land), and P70,000,000 in liabilities. Finally, all of Jihyo Corporation's stockholders are resident citizens. How much final withholding tax was withheld from Jihyo Corporation's income? 14,600 10,600 O 25.800 0 27,900
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