Mr. A, a resident citizen, earns the following passive incomes, gross of final taxes: INTEREST INCOME FROM A PESO BANK DEPOSIT - P2,000; INTEREST INCOME FROM A DOLLAR BANK DEPOSIT - $500; CASH DIVIDENDS FROM A DOMESTIC CORPORATION - P40,000. The peso-to-dollar exchange rate is P50:$1. HOW MUCH IS THE TOTAL FINAL TAX PAID ON THE PASSIVE INCOMES EARNED, IN PESOS?*
Mr. A, a resident citizen, earns the following passive incomes, gross of final taxes: INTEREST INCOME FROM A PESO BANK DEPOSIT - P2,000; INTEREST INCOME FROM A DOLLAR BANK DEPOSIT - $500; CASH DIVIDENDS FROM A DOMESTIC CORPORATION - P40,000. The peso-to-dollar exchange rate is P50:$1. HOW MUCH IS THE TOTAL FINAL TAX PAID ON THE PASSIVE INCOMES EARNED, IN PESOS?*
Chapter1: Federal Income Taxation—an Overview
Section: Chapter Questions
Problem 44P
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Mr. A, a resident citizen, earns the following passive incomes, gross of final taxes: INTEREST INCOME FROM A PESO BANK DEPOSIT - P2,000; INTEREST INCOME FROM A DOLLAR BANK DEPOSIT - $500; CASH DIVIDENDS FROM A DOMESTIC CORPORATION - P40,000. The peso-to-dollar exchange rate is P50:$1. HOW MUCH IS THE TOTAL FINAL TAX PAID ON THE PASSIVE INCOMES EARNED, IN PESOS?*
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT