From the given data below, how much is the final tax on the dividend earned by Cruz? ZAX Corporation, a domestic corporation, declared a P1,000,Q00 dividend for the current period 2021. The following are some stockholders of ZAX: Stockholder Description Ownership De Guzman Resident citizen 10% Non-resident alien engaged in business in the Philippines Domestic corporation Nonresident foreign corporation Cruz 15% ABC Corporation DEF Corporation 30% 10% a. P15,000 b. P30,000 c. P37,500 d No final tax
From the given data below, how much is the final tax on the dividend earned by Cruz? ZAX Corporation, a domestic corporation, declared a P1,000,Q00 dividend for the current period 2021. The following are some stockholders of ZAX: Stockholder Description Ownership De Guzman Resident citizen 10% Non-resident alien engaged in business in the Philippines Domestic corporation Nonresident foreign corporation Cruz 15% ABC Corporation DEF Corporation 30% 10% a. P15,000 b. P30,000 c. P37,500 d No final tax
Chapter13: Property Transactions: Determination Of Gain Or Loss, Basis Considerations, And Nonta Xable Exchanges
Section: Chapter Questions
Problem 7DQ
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Transcribed Image Text:From the given data below, how much is the final tax on the dividend earned by Cruz?
ZAX Corporation, a domestic corporation, declared a P1,000,000 dividend for the
current period 2021. The following are some stockholders of ZAX:
Stockholder
Description
Ownership
De Guzman
Resident citizen
10%
Cruz
ABC Corporation
DEF Corporation
Non-resident alien engaged in business
in the Philippines
Domestic corporation
Nonresident foreign corporation
15%
30%
10%
a. P15,000
b. P30,000
с. Р37,500
d. No final tax
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