Minda, resident citizen, invested in a 6-year bond issued by a local bank. The bond was issued by the bank to more than 20 persons in the public and complied with legal requirements. Minda earned a total of P2,000 interest on the instrument for the current period. How much is the final tax on the interest?
Minda, resident citizen, invested in a 6-year bond issued by a local bank. The bond was issued by the bank to more than 20 persons in the public and complied with legal requirements. Minda earned a total of P2,000 interest on the instrument for the current period. How much is the final tax on the interest?
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter17: Business Tax Credits And The Alternative Minimum Tax
Section: Chapter Questions
Problem 33P
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Minda, resident citizen, invested in a 6-year bond issued by a local bank. The bond was issued by the bank to more than 20 persons in the public and complied with legal requirements. Minda earned a total of P2,000 interest on the instrument for the current period. How much is the final tax on the interest?
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