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WebP1,470,000 Royalty Income P100,000 Interest Income from Bank Deposits 20,000 Dividend Income 50,000 Passive Income Subject to Regular Tax P 170,000 2. Compute the total income subject to regular tax a. P1,730,000 b. P630,000 c. P1,470,000 d. WebStudy with Quizlet and memorize flashcards containing terms like T/F. Generally, interest income from non-bank sources is subject to regular income tax., T/F. Foreign income is … pascal froissart
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WebOn December 31, 2024, BTS Designs reported royalty receivable of P75,000 from Jungkook Inc. During 2024, BTS Design received a royalty payment of P200,000. Jungkook Inc. … WebRevenue from onshore federal oil and gas leases alone totaled $4.2 billion in 2024 year — the majority of this revenue, $2.9 billion, came from royalties. 2 When one considers that 90 percent of U.S. oil and gas production takes place on non-federal land, the challenge facing upstream energy companies becomes clear. 3. View the Text Version. WebRoyalty income from composition - P75,000 Raffle Draw prizes - P30,000 PCSO winning - P600,000 Creditable withholding taxes on business income - P375,000. Required: Determine the taxable income for each type of tax payer: a. Resident Citizen (RC) b. Nonresident Citizen (NRC) c. Resident Alien (RA) d. pascal froissard