Len Corporation earned the following income for taxable year 2021: Royalty income from copyright 1,200,000 Royalty income from trademarks 350,000 Dividend income from domestic corporation 10,000 Dividend income from foreign corporation 15,000 Interest income from FCDU of PNB 20,000 Interest income on peso deposits in Maybank 10,000 How much is the final tax due on the above income of Len Corporation if the corporation is a nonresident foreign corporation?
Len Corporation earned the following income for taxable year 2021: Royalty income from copyright 1,200,000 Royalty income from trademarks 350,000 Dividend income from domestic corporation 10,000 Dividend income from foreign corporation 15,000 Interest income from FCDU of PNB 20,000 Interest income on peso deposits in Maybank 10,000 How much is the final tax due on the above income of Len Corporation if the corporation is a nonresident foreign corporation?
Chapter24: Multistate Corporate Taxation
Section: Chapter Questions
Problem 1BCRQ
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Len Corporation earned the following income for taxable year 2021:
Royalty income from copyright 1,200,000
Royalty income from trademarks 350,000
Dividend income from domestic corporation 10,000
Dividend income from foreign corporation 15,000
Interest income from FCDU of PNB 20,000
Interest income on peso deposits in Maybank 10,000
How much is the final tax due on the above income of Len Corporation if the corporation is a nonresident foreign corporation?
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