Question: Answer the problems 1 and 2 with complete solution PROPRIETARY EDUCATIONAL INSTITUTIONS EXERCISES 1. Assume that GTD School is a non-profit private educational institution with

Answer the problems 1 and 2 with complete solution PROPRIETARY EDUCATIONAL

Answer the problems 1 and 2 with complete solution

PROPRIETARY EDUCATIONAL INSTITUTIONS EXERCISES 1. Assume that GTD School is a non-profit private educational institution with permit to operate from DepEd, maintained and administered by DEO Corporation, a private domestic corporation duly registered with the SEC. GID School adopts a Calendar Year accounting period. Its Financial Statements for year 2022 showed the following: Required: Compute income tax payable by GTD School for year 2022. 2. Assume the facts in the preceding exercise 1 pertain to taxable year 2024. Compute income tax payable by GTD School for year 2024. PROPRIETARY EDUCATIONAL INSTITUTIONS EXERCISES 1. Assume that GTD School is a non-profit private educational institution with permit to operate from DepEd, maintained and administered by DEO Corporation, a private domestic corporation duly registered with the SEC. GID School adopts a Calendar Year accounting period. Its Financial Statements for year 2022 showed the following: Required: Compute income tax payable by GTD School for year 2022. 2. Assume the facts in the preceding exercise 1 pertain to taxable year 2024. Compute income tax payable by GTD School for year 2024

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