XXX, A domestic corporation declared P1,000,000 dividends in 2021. 40%of its outstanding shares is held by its only domestic corporate investor.Compute the amount of dividends tax to be withheld by XXX assuming50% of the other investors are resident citizens and 10% are non-residentcitizens.
XXX, A domestic corporation declared P1,000,000 dividends in 2021. 40%of its outstanding shares is held by its only domestic corporate investor.Compute the amount of dividends tax to be withheld by XXX assuming50% of the other investors are resident citizens and 10% are non-residentcitizens.
Chapter3: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 5BCRQ
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XXX, A domestic corporation declared P1,000,000 dividends in 2021. 40%of its outstanding shares is held by its only domestic corporate investor.Compute the amount of dividends tax to be withheld by XXX assuming50% of the other investors are resident citizens and 10% are non-residentcitizens.
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