Rent income.docx - Rent income net of 5% withholding tax...

Rent income, net of 5% withholding tax 136,800
Dividend from domestic corporation 25,000
Royalty, gross of tax 80,000
Interest from bank deposit with PNB, net of tax 12,000
The income tax payable is –
a. P241,020 b. 8221,320 c. P260.020 d. P238,320
A 56. How much is the total final taxes?
B 57.Hananiah Corporation, a corporation engaged in business in the Philippines and abroad has
the following data for the current year:
Gross Income, Philippines P975,000
Expenses, Philippines 750.000
Gross Income, Malaysia 770,000
Expenses, Malaysia 630,000
Interest on bank deposit 25,000
Determine the income tax due if the corporation is
Domestic Res. Foreign Corp Non-resident Foreign Corp
a.P116,800 P72,000 P320,000
b.P109,500 P67,500 P300,000
c.P312,000` P515,850 P116,800
64d.P109,500 P72,000 P300,000
Domestic RFC NRFC
Gross Income P975,000 P975,000 P975,000
Philippines
Expenses, Philippines (750,000) (750,000)
Gross Income 770,000
Malaysia
Expenses, Malaysia (630,000)
Interest on Bank - - 25,000