User Account

All Pages

How much final tax should be withheld from the prize

Assignment Help Financial Accounting
Reference no: EM132711325

Problem 1: Ms. Matti won a gold medal and P50, 000 cash prize for chess competition in the Palarong Pambansa. How much final tax should be withheld from the prize?

a. P 20, 000

b. P 10, 000

c. P 5, 000

d. P 0

Reference no: EM132711325

Questions Cloud

How high is your motivation to seek types of career choices : Search the job search sites like monster.com, careerbuilder.com, and so forth. Find at least five job postings for data scientist. Identify the key.
How much shall tiong sang withhold from the grand prize : How much shall Tiong Sang withhold from the grand prize? Tiong Sang Department Store conducted a sales promotion where customer purchases exceeding
Therapy available for treatment of the disorder : Discuss therapy available for treatment of the disorder. Does the therapy treat the symptoms or the metabolic nature of the disease? Explain
Analyzing the data to your future professional practice : How you plan to apply what you learned about administering the assessment and analyzing the data to your future professional practice.
How much final tax should be withheld from the prize : Ms. Matti won a gold medal and P50, 000 cash prize for chess competition in the Palarong Pambansa. How much final tax should be withheld from the prize?
How much is the capital gains tax on the sale : The par value of stocks is P30 per share. Thirty days after, Mitch sold the stocks at P65 per share. How much is the capital gains tax on the sale
Find how much final tax will be withheld : Mr. Conrado won the P50,000,000 6/49 Superlotto Jackpot of the Philippine Charity Sweepstakes Office. How much final tax will be withheld?
Which reptile subgroup is considered extinct : Which reptile subgroup is considered extinct?
What is the phenotype ratio of the offspring : What is the genotypic ratio of the offspring? What is the phenotype ratio of the offspring?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find and mark the five false statement

While the other statements are true. For this assignment, find and mark the five false statements. Then, re-word the false statements to make them true.

  Depreciation under the straight-line method

Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000. The machine's useful life is estimated to be 5 years, or 300,000 units of product, with a $15,000 salvage value. During its first year, the machine pr..

  Discuss the company corporate objectives

AAF044-6 Accounting and Finance Assignment - Case study, University of Bedfordshire, UK. Discuss the company corporate objectives

  Calculate the standard unit cost

Using the following information, calculate the standard unit cost of this product.

  Find the optimal contract length

Find the optimal contract length when the marginal cost of writing a contract of length L is MC(L) = 30 + 4L and MC(L) = 40 + 5L.

  Determine a motor vehicle insurance policy

Motor vehicle insurance policy. Use this information to prepare the General Journal entry (without explanation) for the required end of the month adjustment

  Calculate nextimes return on invested capital, or roic

Nextime Ltd. has operating profits EBIT of $87 million, a tax rate of 35%, net working capital of $129 million, and fixed assets of $285 million.

  Compute the depletion charge per ton

Compute depletion charge per ton. Compute depletion expense that Bychowski should record for year. Determine the depreciation expense for the year for the buildings, making it proportional to the depletion.

  In preparing its budget proposals

In preparing its budget proposals, a city’s budget committee initially estimated that total revenues would be $120 million and total expenditures would be $123 million. Defer indefinitely $1.5 million of maintenance on city roads. Except as just note..

  Total amount of variable costs related to the units sold

If 14,500 units are sold, what is the total amount of variable costs related to the units sold? If 10,000 units are produced, what is the average fixed manufacturing cost per unit produced? If 14,500 units are produced, what is the total amount of fi..

  Create the journal entries that would appear in txa ltd

TXA Ltd acquired a machine from Blue Ltd, Make the journal entries that would appear in TXA Ltd.'s books to account for the acquisition of the Machine.

  Determine what most challenging concepts for to understand

Compute What most challenging concepts for to understand? Have found any supplemental resources or websites that have helped to better comprehend the material

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd