Hayden Co, a resident citizen, earned the following interest income gross of applicable taxes: Interest income from PNB, a domestic bank P 40,000 Interest income from SVB, a domestic bank* 30,000 Interest income from THE, a non-resident foreign bank* 20,000 Interest income from XHE, a resident foreign bank* 10,000 *in Philippine Peso equivalent
- Hayden Co, a resident citizen, earned the following interest income gross of applicable taxes:
Interest income from PNB, a domestic bank P 40,000
Interest income from SVB, a domestic bank* 30,000
Interest income from THE, a non-resident foreign bank* 20,000
Interest income from XHE, a resident foreign bank* 10,000
*in Philippine Peso equivalent
Compute the amount of final tax.
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