How much final tax must rbc corporation withhold

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Problem 1: Roy invested P1,000,000in the "tax free" corporate bonds pf RBC Corporation. The bond pays 8. 75% interest annually net of any taxes. How much final tax must RBC Corporation withhold from the annual interest payment to Roy?

a. P 36, 000

b. P 16, 800

c. P 37, 500

d. P 0

Problem 2: A taxpayer wants to manually file his Monthly Remittance Return of Final Income Tax Withheld for the month of February 2017. What is the deadline for the return?

a. February 14, 2017

b. February 28, 2017

c. March 10, 2017

d. April 15, 2017

Reference no: EM132802715

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