Compensation income, Philippines, P 800,000 Gross business income, Philippines, P1,200,000 Business expenses, Philippines, P 800,000 Gross business income, Canada, P600,000 Business expenses, Canada, P 500,000 Dividend income from a domestic corporation, P 60,000 Dividend income from foreign corporation, P 50,000 Interest income from peso bank deposit, Philippines , P 30,000 Interest income from bank deposits, Canada, P 40,000 Interest income from FCDS deposits, P 50,000 Royalty income from literary works, P 35,000 Raffle draw winnings, Philippines, P 10,000 PCSO Lotto winnings, P 200,000 Creditable withholding taxes on business income, P 125,000 Compute for the Total final tax on passive income assuming the taxpayer is a: Resident Citizen (RC) Non-resident Citizen (NRC) Resident Alien (RA) Non-Resident Alien engaged in trade or business (NRA-ETB)
Compensation income, Philippines, P 800,000 Gross business income, Philippines, P1,200,000 Business expenses, Philippines, P 800,000 Gross business income, Canada, P600,000 Business expenses, Canada, P 500,000 Dividend income from a domestic corporation, P 60,000 Dividend income from foreign corporation, P 50,000 Interest income from peso bank deposit, Philippines , P 30,000 Interest income from bank deposits, Canada, P 40,000 Interest income from FCDS deposits, P 50,000 Royalty income from literary works, P 35,000 Raffle draw winnings, Philippines, P 10,000 PCSO Lotto winnings, P 200,000 Creditable withholding taxes on business income, P 125,000 Compute for the Total final tax on passive income assuming the taxpayer is a: Resident Citizen (RC) Non-resident Citizen (NRC) Resident Alien (RA) Non-Resident Alien engaged in trade or business (NRA-ETB)
Chapter9: Taxation Of International Transactions
Section: Chapter Questions
Problem 28P
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- Compensation income, Philippines, P 800,000
- Gross business income, Philippines, P1,200,000
- Business expenses, Philippines, P 800,000
- Gross business income, Canada, P600,000
- Business expenses, Canada, P 500,000
- Dividend income from a domestic corporation, P 60,000
- Dividend income from foreign corporation, P 50,000
- Interest income from peso bank deposit, Philippines , P 30,000
- Interest income from bank deposits, Canada, P 40,000
- Interest income from FCDS deposits, P 50,000
- Royalty income from literary works, P 35,000
- Raffle draw winnings, Philippines, P 10,000
- PCSO Lotto winnings, P 200,000
- Creditable withholding taxes on business income, P 125,000
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Compute for the Total final tax on passive income assuming the taxpayer is a:
- Resident Citizen (RC)
- Non-resident Citizen (NRC)
- Resident Alien (RA)
- Non-Resident Alien engaged in trade or business (NRA-ETB)
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