Answered: How much final tax was withheld from…

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Accounting

How much final tax was withheld from her dividend income?

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

humel received cash dividends from her investment in the stocks of Jollibee foods Corporation amounting to P15,000 net of final tax. How much final tax was withheld from her dividend income?

a. P0

b. P1,500

c. P1,667

d. P3,750

e. Answer not given

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