What the total final withholding taxes on t corporation is

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T Corporation, a domestic corporation has the following record of income and expense during the year:

Gross income P1,540,000

Expenses 654,000

Dividend from a resident foreign corporation 95,000

Royalties, Philippines 230,000

Royalties, US 175,000

Interest on time deposit with Metrobank 18,000

Interest on money market placement 25,000

Problem 1: The net income before other income is:

Problem 2: The total final withholding taxes on T Corporation is:

Reference no: EM132744679

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