Donations were made on January 30, 2018 of P500,000.00, March 30, 2018 of P2,000,000.00 and August 15,

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Donations were made on January 30, 2018 of P500,000.00, March 30, 2018 of P2,000,000.00 and August 15, 2018 of P1,500,000.00.

How much donor's tax should be paid on January 30, 2018?

How much is the total donor's tax should be paid on March 30, 2018?

How much donor's tax should be paid on August 16, 2018?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-1118147290

15th edition

Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield

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Posted Date: Mar 30, 2023 03:12 AM

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Donations were made on January 30, 2018 of P500,000.00, March 30, 2018 of P2,000,000.00 and August 15,

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Expert Answer:

To compute for the donors tax on each donation we need to use the following formula Donors Tax Donat... View the full answer

Intermediate Accounting

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