Peter, a resident citizen, received the following during 2020: Proceeds from copyright royalty,...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Peter, a resident citizen, received the following during 2020:
Proceeds from copyright royalty, net of tax P11,250
Proceeds from mineral claim royalty, net of tax 12,000
Share from trading partnership, net of withholding tax 270,000
How much is the total final tax on Peters income?
d. P 4,250
c. P31,250
a. P50,000
b. P34,250
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.