35, Final withholding tax ratefor interest from local currencydeposits in non-bankinstitutions *a. 25%b. 30%c. 20%O d. Not subject to final tax36. Rent Income in general issubject toa. Final Income Taxb. Regular Income TaxO c. Capital Gains Taxd. Donor's Tax

Interests from local currency deposits in the nonbank institution are not subject to final…

35, Final withholding tax rate for interest from local currency deposits in non-bank institutions * O a. 25% O b. 30% О с. 20% O d. Not subject to final tax 36. Rent Income in general is subject to * O a. Final Income Tax O b. Regular Income Tax O c. Capital Gains Tax d. Donor's Tax

35, Final withholding tax rate for interest from local currency deposits in non-bank institutions * O a. 25% O b. 30% О с. 20% O d. Not subject to final tax 36. Rent Income in general is subject to * O a. Final Income Tax O b. Regular Income Tax O c. Capital Gains Tax d. Donor's Tax

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Deferred Tax

Deferred tax is an estimated future tax which is made while preparing accounts. It is estimated as a result of past and present transactions in the financial statements. It is not the actual tax which needs to be paid or refundable from the revenue authority, it is an accounting entry. It exists because of the difference between accounting profits and taxable profits.

Question

35, Final withholding tax rate
for interest from local currency
deposits in non-bank
institutions *
a. 25%
b. 30%
c. 20%
O d. Not subject to final tax
36. Rent Income in general is
subject to
a. Final Income Tax
b. Regular Income Tax
O c. Capital Gains Tax
d. Donor's Tax

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