1. Mr. Yolo is a resident Filipino citizen working as a professional artist in a prestigious TV...
Fantastic news! We've Found the answer you've been seeking!
Question:
1. Mr. Yolo is a resident Filipino citizen working as a professional artist in a prestigious TV network. He earned an annual gross income of Php2.5M for the year 2021. He is a Non VAT registered taxpayer. How much is the total income tax still due? Consider withholding taxes.
2. Using the facts in Number 1 above, if Mr. Yolo is a VAT-registered taxpayer, how much is his total income tax still due? Consider withholding taxes.
Related Book For
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
Posted Date: