Mr.X is a Filipino mixed income earner. He is a minimum wage earner in ABC Corporation...
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Mr.X is a Filipino mixed income earner. He is a minimum wage earner in ABC Corporation working as a Security Guard. On the other hand he has various business interests other than his minimum wage. The following is made available to you as his accountant for the taxable year 2019. How much is the withholding tax on compensation, if any? * Compensation compensation income Income from literary printed royalties Interest income from lending activities Rent income from real properties Gross income from merchandising activities: P700,000.00 P773,600.00 P933,600.00 None of the choices 2 points Php 230,000.00 500,000.00 500,000.00 1,500,000.00 500,000.00 Mr.X is a Filipino mixed income earner. He is a minimum wage earner in ABC Corporation working as a Security Guard. On the other hand he has various business interests other than his minimum wage. The following is made available to you as his accountant for the taxable year 2019. How much is the withholding tax on compensation, if any? * Compensation compensation income Income from literary printed royalties Interest income from lending activities Rent income from real properties Gross income from merchandising activities: P700,000.00 P773,600.00 P933,600.00 None of the choices 2 points Php 230,000.00 500,000.00 500,000.00 1,500,000.00 500,000.00
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Answer rating: 100% (QA)
Based on the information provided Mr Xs total compensation income is Php 23... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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