Makapuno Bank has earned interest income of P200,000 from an instrument with remaining maturity of 5 years, rentals of P100,000 gross of expanded withholding tax of 5% and incurred net trading losses of P20,000 during the first quarter of 2020. Determine the correct amount of gross receipts tax for the first quarter. * P19,000 P17,000 P15,000 P7,000 Makapuno Bank has earned interest income of P200,000 from an instrument with remaining maturity of 5 years, rentals of P100,000 gross of expanded withholding tax of 5% and incurred net trading losses of P20,000 during the first quarter of 2020. Determine the correct amount of gross receipts tax for the first quarter. * P19,000 P17,000 P15,000 P7,000

Makapuno Bank has earned interest income of P200,000 from an instrument with remaining maturity of 5 years, rentals of P100,000 gross of expanded withholding tax of 5% and incurred net trading losses of P20,000 during the first quarter of 2020. Determine the correct amount of gross receipts tax for the first quarter. * P19,000 P17,000 P15,000 P7,000 Makapuno Bank has earned interest income of P200,000 from an instrument with remaining maturity of 5 years, rentals of P100,000 gross of expanded withholding tax of 5% and incurred net trading losses of P20,000 during the first quarter of 2020. Determine the correct amount of gross receipts tax for the first quarter. * P19,000 P17,000 P15,000 P7,000

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 16P

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