How much final tax should be withheld

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Q1. DANIEL earned royalties from book publications in the amount of P50,000.

1. How much is the final tax to be withheld if DANIEL is a resident citizen?

2. How much is the final tax to be withheld if DANIEL is a non-resident alien, not engaged in trade or business?

3. How much is the final tax to be withheld if DANIEL is a domestic corporation?

4. How much is the final tax to be withheld if DANIEL is a non-resident foreign corporation?

Q2. Mr. Rich, a resident alien, owns 40% of the shares of Rice Corporation, a domestic corporation. Rice declared P200,000 dividends in 2014. How much final tax should be withheld from Mr. Rich's dividend income?

Reference no: EM133140130

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