Fancy Corporation, a domestic corporation has the following records…

Question Fancy Corporation, a domestic corporation has the following records… Fancy Corporation, a domestic corporation has the following records of income and expenses in 2021.Image transcription textGross income, net of 1% withholding tax P1,435,500 Expenses 756,000 Rent income, net of 5% withholdingtax 136,800 Expenses on rent 34,600 Dividend from domestic corporation 25,000 Royalty 80,000 Interestfrom bank deposit with PNB, gross of tax 15,000 The income tax payable by Fancy Corporation is… Show moreA. P241,020 B.P138,980 C.P803,400 D.P259,490  The total final taxes payable on Fancy Corporations isA. P19,000B. P21,500C. P33,250D. P3,000   Law Social Science Tax law BAOM 405 Share QuestionEmailCopy link Comments (0)