Received by NRANETB 25 FWT regardless of amount 6 Assuming the taxable year is

# Received by nranetb 25 fwt regardless of amount 6

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Received by NRANETB = 25% FWT regardless of amount.
6.Assuming the taxable year is 2017, determine the total final tax assuming he is:RCNRCRANRA-ETBa.P553,000P490,000P550,000P150,00b.121,50090,000150,000937,500c.131,00090,00090,00090,000d.142,00090,000150,000150,000Solution:RC & RANRCNRA-ETNRA-NETRent income Philippines @25%---P250,000Interest, peso deposit, MBTC @20%; 25%P20,000P20,000P20,00025,000Interest, US\$ deposit, BDO @ 7 1/2 %; exempt31,500ExemptExemptExemptPrize (TV) won in a local lottery @ 20%; 25%10,00010,00010,00012,500PCSO/Lotto winningsExemptExemptExempt500,000Dividend, domestic company @10%60,00060,000--Dividend, domestic company @20%--120,000-Dividend, domestic company @ 25%---150,000Total FWTP121,500P90,000P150,000P937,5007.Assuming the taxable year is 2018, determine the total final tax assuming he is:RCNRCRANRA-ETBRC & RANRCNRA-ETNRA-NETRent income Philippines @25%---P250,000Interest, peso deposit, MBTC @20%; 25%P20,000P20,000P20,00025,000Interest, US\$ deposit, BDO @15%63,000ExemptExemptExemptPrize (TV) won in a local lottery @ 20%; 25%10,00010,00010,00012,500PCSO/Lotto winnings @20%; 25%400,000400,000Exempt500,000Dividend, domestic company @10%60,00060,000--Dividend, domestic company @20%--120,000-Dividend, domestic company @ 25%---150,000Total FWTP553,000P490,000P150,000P937,500CORPORATIONS8.During the 2018, a domestic corporation derived the following items of revenues:Gross receipts from a trading business, P500,000.Interest from money placements in the banks, P30,000Dividends from its stock investments in domestic corporations, P20,000Gains from stock transactions through the Philippine Stock Exchange, P50,000Proceeds under an insurance policy on the lost of goods, P100,000How much should the corporation report as taxable income?
9.Lenovo, Inc., a resident foreign corporation, has earned the following income during 2017:DIVIDEND INCOME FROM:Microsoft, a non-resident foreign corporationP 500,000Intel, a resident foreign corporation (ratio of Philippine income over world income for the past 3 years is 40%)400,000Panday, a domestic corporation300,000INTEREST INCOME FROM:Current account, BDO600,000Savings deposit, ABN-AMRO bank, UK700,000FCDU deposits800,000ROYALTY INCOME from various domestic corporations100,000The total final tax on passive income for the taxable year is:

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