1. Dividend income received by a resident citizen from domestic corporations 2. Dividend income received by a resident alien from domestic corporations B. Dividend income received by a resident citizon from foroian reian
1. Dividend income received by a resident citizen from domestic corporations 2. Dividend income received by a resident alien from domestic corporations B. Dividend income received by a resident citizon from foroian reian
Chapter16: Multistate Corporate Taxation
Section: Chapter Questions
Problem 6DQ
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Question
Transcribed Image Text:Determine whether the following income/proceeds received in 2021 is
taxable. If applicable, determine the appropriate tax and tax rate.
DIVIDEND INCOME:
Basic or Final
Тахable or
Exempt?
Тах?
1. Dividend income received by a
resident citizen from domestic
corporations
2. Dividend income received by a
resident alien from domestic
corporations
3. Dividend income received by a
resident citizen from foreign
.corporations
4. Dividend income received by a
domestic corporation from another
domestic corporation
5. Dividend income received by a
domestic corporation from a resident
foreign corporation (assume the ration
of gross income derived in the
Philippines for the past three (3) years
was 70%)
6. Dividend income received by a
resident foreign corporation from
domestic corporation
7. Dividend income received by a
resident foreign corporation from
another resident foreign corporation.
The ratio of income in the Philippines
over its world income for the last three
(3) years was 40%
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