In December 2022, X, living Manila, is planning to establish here in the Phil a business in the following year. Cash capital of X totaled 200,000,000. Assuming that the projected Sales and Cost/Expenses are 3,000,000 and 2,200,000, respectively. What is the net advantage (disadvantage) of creating a Sole proprietorship availing the 8% optional tax rate compared to OPC in terms of payment of income tax?

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To determine the net advantage or disadvantage of creating a sole proprietorship availing the 8 opti... View the full answer