How much net royalties will be paid to mr crocodile

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Problem 1: Kendrick Inc, a domestic corporation, earned $46,250 interest income on in depositary account in an FCDU Bank. $1= P50. How much final tax was withheld in Philippine peso?

Problem 2: Kendrick Inc, a resident foreign corporation, earned $46,250 interest income on in depositary account in an FCDU Bank. $1= P50. How much final tax was withheld in Philippine peso?

Problem 3: Mr. Josh participated in two different events on January 4, 2020: Ang mahiwagang boses P10,000. Sexy body foundation P11,000. Compute the total final tax that should have been withheld from the above prizes.

Problem 4: Mr. Crocodile owns a mining property in Prosperidad. He allowed a mining company to operate under a condition that he will be paid 10% royalty on the gold production. The mining company produced P8,000,000 worth of gold during the year. How much net royalties will be paid to Mr. Crocodile?

Reference no: EM132786965

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