4. A, non-resident citizen, has the following income within and without the Philippines for 2018: Interest income from depository bank under expanded foreign currency deposit system in Philippines Dividend income Within 70,000 the Phil Royalty income-others Business income-net of expenses Interest income-bank deposits What is the total final income tax due of A? 90,000 50,000 200,000 30,000 Abroad 60,000 40,000 300,000 40,000

4. A, non-resident citizen, has the following income within and without the Philippines for 2018: Interest income from depository bank under expanded foreign currency deposit system in Philippines Dividend income Within 70,000 the Phil Royalty income-others Business income-net of expenses Interest income-bank deposits What is the total final income tax due of A? 90,000 50,000 200,000 30,000 Abroad 60,000 40,000 300,000 40,000

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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Question

4. A, non-resident citizen, has the following income within and without the Philippines for
2018:
Abroad
Within
the Phil
70,000
Interest income from depository
bank under expanded foreign currency
deposit system in Philippines
Dividend income
Royalty income-others
Business income-net of expenses
Interest income-bank deposits
90,000
50,000
200,000
30,000
60,000
40,000
300,000
40,000
What is the total final income tax due of A?

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