Question: Hi I need help on what is the answer for this taxation activity. Below is the problem and other concerns will be in the comments


Hi I need help on what is the answer for this taxation activity. Below is the problem and other concerns will be in the comments section. I hope that you can help me and surely I will give you full positive feedbacks
Activity 1


E @ O \\'i 4%..\" 31% I 3201 pm 6 LEARNING MODULE INCOME T... Z 3. BARBARO is a minimum wage earner and operates a small barber shop. During the year the following are his data; Salary (MWE) P 48,000 Overtime pay 12,000 Holiday pay 3,000 Gross receipts 280,000 Cost of services 60,000 a. Compute for the tax due on BARBARO under the graduated rates A 13/ 26 V b. Compute for the tax due ifhe opted to used 8% income tax rate '\\ E @J 9 *3 nd\" 31% I 3:02 pm 6 LEARNING MODULE INCOME T... E .0. 4. Mocha Corporation. a domestic corporation, had the following data on its 15\" year of operation: Sales P 6,000,000 Sales Return and allowances 200,000 Sales Discount 15,000 Inventory, January 1 2,400,000 Purchases 1,500,000 Freight in 35,000 Purchase Returns and allowances 30,000 Purchase discounts 7.000 Inventory, December 31 1,900,000 Operating expenses 1,600,000 Compute the following: a. Normal Income Tax due 13. Minimum Corporate Income Tax e. Income Tax doe ****@M**** 26/26
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