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How much final tax rbc corp withhold from annual interest

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Reference no: EM132717283

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

Reference no: EM132717283

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