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Problem 1: When shall a payee be required to file a regular percentage tax return?
Statement 1: If the payee has more than one payor
Statement 2: In case the total amount of tax withheld by the payors who are engaged in business is incorrect.
Statement 3: If the payee has transactions with payors who are not engaged in business and therefore not obliged to withhold.
a. Statement 1
b. Statement 2
c. Statement 1 and 3
d. Statement 1, 2 and 3
Financial Statement Analysis and Preparation
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Computation of Free Cash Flow
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