Atty. Diokno owns 30% of the capital and profits of his law office. The law office reported P5,000,000 profits in 2021. How much final tax will be withheld from Atty. Diokno if the law office distributed 50% of its 2021 net income?

How much final tax will be withheld from Atty. Diokno if the law office distributed 50% of its 2021 net income?

In the immediately preceding problem, What if the partnership is engaged in business processing outsourcing. How much will Atty. Diokno receive?

Answer rating: 100% (QA)

a To calculate the final tax withheld from Atty Diokno we need to determine his share of the distrib... View the full answer