S1: In order for passive income to be subject to final tax under section 24 (B)...

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S1: In order for passive income to be subject to final tax under section 24 (B) of the NIRC, the income must be derived from sources within or without the Philippines. S2: An income that is exempted from income tax under the law, is not subject to withholding tax. S3: Dividend income earned by a resident citizen is always subject to 10% final tax. Which is True? a. Only S1 is True O b. Only S2 is True O c. Only S3 is True O c. Only S3 is True S1: In order for passive income to be subject to final tax under section 24 (B) of the NIRC, the income must be derived from sources within or without the Philippines. S2: An income that is exempted from income tax under the law, is not subject to withholding tax. S3: Dividend income earned by a resident citizen is always subject to 10% final tax. Which is True? a. Only S1 is True O b. Only S2 is True O c. Only S3 is True O c. Only S3 is True

Answer rating: 100% (QA)

b Only S2 is true S1 This statement in wrong As per the given section passi... View the full answer