What is the income tax payable for the current year

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Reference no: EM133120817

Question - World Data Company was established in 2015. It has the following data for the current year:

Grow income, Philippines 975,000

Expenses, Philippines 950,000

Gross income, Canada 700,000

Expenses, Canada 620,000

Dividends from PLDT 30,000

Interest on bank deposits 20,000

Assuming World Data is a resident foreign corporation, what is the income tax payable for the current year?

a. 5,000

b. 6,250

c. 21,000

d. 26,250

e. None of the above

Reference no: EM133120817

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