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    This Study Resource Was: Mr. X Has The Following Data On His Passive Income Earned During 2019

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    Anne Marieline Buenaventura
    Mr. X earned various types of passive income in 2019 from sources both in the Philippines and abroad. His income included interest from bank deposits, royalties from books and computer programs, winnings from an electronic raffle, and dividends from corporations. The total withholding tax due if Mr. X is a non-resident alien not engaged in trade or business is P30,500.

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    This Study Resource Was: Mr. X Has The Following Data On His Passive Income Earned During 2019

    Uploaded by

    Anne Marieline Buenaventura
    419 views1 page
    Mr. X earned various types of passive income in 2019 from sources both in the Philippines and abroad. His income included interest from bank deposits, royalties from books and computer programs, winnings from an electronic raffle, and dividends from corporations. The total withholding tax due if Mr. X is a non-resident alien not engaged in trade or business is P30,500.

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    Mr. X earned various types of passive income in 2019 from sources both in the Philippines and abroad. His income included interest from bank deposits, royalties from books and computer programs, winnings from an electronic raffle, and dividends from corporations. The total withholding tax due if Mr. X is a non-resident alien not engaged in trade or business is P30,500.

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    © All Rights Reserved
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    419 views1 page

    This Study Resource Was: Mr. X Has The Following Data On His Passive Income Earned During 2019

    Uploaded by

    Anne Marieline Buenaventura
    Mr. X earned various types of passive income in 2019 from sources both in the Philippines and abroad. His income included interest from bank deposits, royalties from books and computer programs, winnings from an electronic raffle, and dividends from corporations. The total withholding tax due if Mr. X is a non-resident alien not engaged in trade or business is P30,500.

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    of 1

    Question 36

    2 / 2 pts
    Mr. X has the following data on his passive income earned during 2019:

    Philippines Abroad

    Interest income from long term peso bank deposits P45,000 P25,000

    Interest income from long term FCDU deposits 50,000 60,000

    Royalties from books 20,000 30,000

    Royalties from computer programs 20,000 40,000

    m
    er as
    co
    Winnings from an electronic raffle during Smart

    eH w
    Communication’s 50th anniversary (chosen randomly by the 10,000 -
    network using smart subscribers sim card numbers)

    o.
    rs e
    ou urc
    Dividend income from a domestic corporation 27,000 13,000
    o

    Dividend income from a foreign corporation 33,000 22,000


    aC s
    vi y re

    How much is the final withholding tax if the taxpayer is a non-resident alien
    not engage in trade or business?
    ed d
    ar stu

    P19,250
    is

    P29,000
    Th

    P43,000
    sh

    Correct!

    P30,500

    This study source was downloaded by 100000806906573 from CourseHero.com on 08-04-2021 02:15:53 GMT -05:00

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