Determine the income tax due assuming the following 2018 data: Compensation income P900. 000 Gross sales 5,

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Determine the income tax due assuming the following 2018 data:
Compensation income
P900. 000
Gross sales
5, 000, 000
Cost of sales
(2, 250, 000)
Operating expenses
(1, 250, 000)
Total taxable net income
P2 400. 000

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Jan 16, 2023 06:54 AM

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Determine the income tax due assuming the following 2018 data: Compensation income P900. 000 Gross sales 5,

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Income Tax Fundamentals 2013

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