Dividends received from a domestic corporation 50,000 Dividends received from a resident foreign corporation 40,000 Dividends received from a non-resident foreign corp 30,000 • The domestic corporation is doing 40% of its business outside the Philippines. • The resident foreign corporation has been doing 60% of its business in the Philippines. • The taxpayer is a resident citizen How much dividend income is taxable? . How much is the final tax on his dividend income? Assuming taxpayer is domestic corporation, how much dividend income is taxable?
Dividends received from a domestic corporation 50,000 Dividends received from a resident foreign corporation 40,000 Dividends received from a non-resident foreign corp 30,000 • The domestic corporation is doing 40% of its business outside the Philippines. • The resident foreign corporation has been doing 60% of its business in the Philippines. • The taxpayer is a resident citizen How much dividend income is taxable? . How much is the final tax on his dividend income? Assuming taxpayer is domestic corporation, how much dividend income is taxable?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Dividends received from a domestic corporation 50,000
Dividends received from a resident foreign corporation 40,000
Dividends received from a non-resident foreign corp 30,000
• The domestic corporation is doing 40% of its business outside the Philippines.
• The resident foreign corporation has been doing 60% of its business in the Philippines.
• The taxpayer is a resident citizen
How much dividend income is taxable?
. How much is the final tax on his dividend income?
Assuming taxpayer is domestic corporation, how much dividend income is taxable?
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