18. Mr. X is a partner of XY Partnership, a business partnership, and owns 50% interest. The gross sales of the partnership amounted to P25,000,000 for the taxable year 2021. The recorded cost of sales and operating expenses were P12,500,000 and P5,280,000, respectively. How much is the creditable withholding tax?
18. Mr. X is a partner of XY Partnership, a business partnership, and owns 50% interest. The gross sales of the partnership amounted to P25,000,000 for the taxable year 2021. The recorded cost of sales and operating expenses were P12,500,000 and P5,280,000, respectively. How much is the creditable withholding tax?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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18. Mr. X is a partner of XY
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