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Len Corporation earned the following income for taxable year 2021:      Royalty income from copyright                                   1,200,000      Royalty income from trademarks                                   350,000      Dividend income from domestic corporation                  10,000      Dividend income from foreign corporation                     15,000     Interest income from FCDU of PNB                                   20,000     Interest income on peso deposits in Maybank                 10,000   How much is the final tax due on the above income of Len Corporation if the corporation is a nonresident foreign corporation?

Len Corporation earned the following income for taxable year 2021:      Royalty income from copyright                                   1,200,000      Royalty income from trademarks                                   350,000      Dividend income from domestic corporation                  10,000      Dividend income from foreign corporation                     15,000     Interest income from FCDU of PNB                                   20,000     Interest income on peso deposits in Maybank                 10,000   How much is the final tax due on the above income of Len Corporation if the corporation is a nonresident foreign corporation?

FINANCIAL ACCOUNTING
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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Len Corporation earned the following income for taxable year 2021:

     Royalty income from copyright                                   1,200,000
     Royalty income from trademarks                                   350,000
     Dividend income from domestic corporation                  10,000
     Dividend income from foreign corporation                     15,000
    Interest income from FCDU of PNB                                   20,000
    Interest income on peso deposits in Maybank                 10,000
 
How much is the final tax due on the above income of Len Corporation if the corporation is a nonresident foreign corporation?

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