ENKANTADYA Corporation furnished you its financial data for 2018 as follows: Gross income, Philippines - P 800,500 Expenses, Philippines - 450,000 Gross income Singapore - 700,000 Expenses, Singapore - 400,000 Personal expenses - 150,000 Interest from time deposits, BPI, Philippines - 20,000 Interest on money market placement, net of tax - 22,000 How much is the amount of final withholding tax on passive income ?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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ENKANTADYA Corporation furnished you its financial data for 2018 as follows:

Gross income, Philippines - P 800,500
Expenses, Philippines - 450,000
Gross income Singapore - 700,000
Expenses, Singapore - 400,000
Personal expenses - 150,000
Interest from time deposits, BPI, Philippines - 20,000
Interest on money market placement, net of tax - 22,000
How much is the amount of final withholding tax on passive income ?

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