18. Mr. X is a partner of XY Partnership, a business partnership, and owns 50% interest. The gross sales of the partnership amounted to P25,000,000 for the taxable year 2021. The recorded cost of sales and operating expenses were P12,500,000 and P5,280,000, respectively. How much is the creditable withholding tax?
18. Mr. X is a partner of XY Partnership, a business partnership, and owns 50% interest. The gross sales of the partnership amounted to P25,000,000 for the taxable year 2021. The recorded cost of sales and operating expenses were P12,500,000 and P5,280,000, respectively. How much is the creditable withholding tax?
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 12DQ
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18. Mr. X is a partner of XY
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT