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.

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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Subject : Accounting
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