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?

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
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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? 

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