000 00tg6. Mr. Siegfried, a resident citizen, received P100,000 dividend income from Vodka,Inc., a domestic corporation. How much final tax must have been withheld byVodka, Inc.?POc. P20,000 O or al ont noeiaa.b. P11,111 AL Og a. P25.000 201de nitov anibal osghu213 882vd bladbiw od

Dividend Received Deduction is a kind of deduction in the taxation that is received by a corporation…

Answered: Inc., a domestic corporation. How much…

Inc., a domestic corporation. How much final tax m Vodka, Inc.? a. PO 05ginu2 to 19hl b. P11,111AL osgu2 c. P20,000ToTTOe d. P25,000

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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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

000 00tg
6. Mr. Siegfried, a resident citizen, received P100,000 dividend income from Vodka,
Inc., a domestic corporation. How much final tax must have been withheld by
Vodka, Inc.?
PO
c. P20,000 O or al ont noeia
a.
b. P11,111 AL Og a. P25.000 201de nitov anib
al osghu2
13 88
2
vd bladbiw od

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