A Corporation provided the following data for calendar year ending December 31, 2020: Description Philippines Abroad...
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A Corporation provided the following data for calendar year ending December 31, 2020: Description Philippines Abroad Gross income 5,000,000 1,000,000 Deductions 3,000,000 500,000 Determine the income tax due assuming the company is a cinematographic film owner, lessor or distributor. A Corporation provided the following data for calendar year ending December 31, 2020: Description Philippines Abroad Gross income 5,000,000 1,000,000 Deductions 3,000,000 500,000 Determine the income tax due assuming the company is a cinematographic film owner, lessor or distributor.
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