How much final tax should be withheld from mr neis

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Problem 1: Mr. Aguak earned the following prizes from two different competitions: January 4, 2017, Singing competition P12,000, February 14, 2017 Painting competition P10,100. Compute the total final tax that should have been withheld from the above prizes.

Problem 2: Mr. Neis, a resident alien, owns 40% of the shares of Coco Corporation, a resident corporation. Coco declared P200,000 dividends in 2014. How much final tax should be withheld from Mr. Neis' dividend income?

Reference no: EM132786951

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