1,. For the taxable year, the taxpayer reported the following:

	SOURCES
	W./I	W./O
Sales	10,000,000	4,000,000
Cost of sales	6,000,000	2,500,000
Item of expenses	1,200,000	500,000

The taxpayer is a corporation created under Philippines Laws.

Its total assets is P105,000,000 excluding the value of land used in business.

How much is its income tax base amount in its 1702 ITR if it is electing standard method of deduction?

2. For the taxable year, the taxpayer reported the following:

	SOURCES
	W./I	W./O
Sales	10,000,000	4,000,000
Cost of sales	6,000,000	2,500,000
Item of expenses	1,200,000	500,000

The taxpayer is a corporation created under foreign country's Laws.

Its total assets is P150,000,000 excluding the value of land used in business.

How much is its income tax base amount in its 1702 ITR if it is electing standard method of deduction?

3. For the taxable year, the taxpayer reported the following:

	SOURCES
	W./I	W./O
Sales	10,000,000	4,000,000
Cost of sales	6,000,000	2,500,000
Item of expenses	1,200,000	500,000

The taxpayer is a corporation created under Philippines Laws.

Its total assets is P55,000,000 excluding the value of land used in business.

How much is its income tax due in its 1702 ITR if it is electing standard method of deduction?

4. For the taxable year, the taxpayer reported the following:

	SOURCES
	W./I	W./O
Sales	10,000,000	4,000,000
Cost of sales	6,000,000	2,500,000
Item of expenses	1,200,000	500,000

The taxpayer is a corporation created under Philippines Laws.

Its total assets is P55,000,000 excluding the value of land used in business.

How much is its income tax due in its 1702 ITR if it is electing for itemized

method of deduction?

5. For the taxable year, the taxpayer reported the following:

	SOURCES
	W./I	W./O
Sales	10,000,000	4,000,000
Cost of sales	6,000,000	2,500,000
Item of expenses	1,200,000	500,000

The taxpayer is a corporation created under foreign country's Laws.

Its total assets is P50,000,000 excluding the value of land used in business.

How much is its income tax due in its 1702 if it is electing standard method of deduction?