How much of dividend income of maki is subject to income tax

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Reference no: EM132814735

Problem 1: Maki is a stockholder in both Agrix Corporation (domestic corporation) and Atlanta corporation (non-resident foreign corporation). During the year, Jhaeron earned P100,000 dividends from Agrix and P300,000 dividends from Atlanta. Maki is a Filipino citizen residing in the Philippines. How much of the dividend income of Maki is subject to income tax in the Philippines?

Problem 2: Ms. ABC bought a life insurance policy on her own life for a premium of P50,000 per annum for 10 years. The value of the policy is P1 Million. After paying 6 years of premium, Ms. ABC died and her heirs as beneficiaries received P1M from the insurance company. How much is the final tax on the transaction?

Reference no: EM132814735

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