2:41 Search l 81 Q P Hello Tutors! Please help me solve this taxation problem! Thank...

 
 

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2:41 Search l 81 Q P Hello Tutors! Please help me solve this taxation problem! Thank you... Get answer > Question Asked by felzaragoza85 Hello Tutors! Please help me solve this taxation problem! Thank you and God bless! Taxpayer: [Your Name] TIN: 123-456-789-000 Address: Poblacion, Puerto Galera, Oriental Mindoro The taxpayer's compensation from private employment last year: Basic salary P480,000 Overtime pay 20,000 Night-shift differential 2,000 Bonus 20,000 13th-month pay and other 90,000 benefits All the mandatory contributions and withholding taxes were properly deducted and remitted. The taxpayer started a service business, non- VAT registered, on July 1 of last year, and had the following results of operations: SALES: July P83,000 August 75,000 September 82,000 October 85,000 November 90,000 December 95,000 EXPENSES: Salaries and wages P216,000 SSS, HDMF & PHIC Contributions 17,280 Electricity and Water 9,000 Communication Expenses 3,000 Rent Expense 30,000 Depreciation 12,000 Licenses 12,000 Taxes 15,210 All the above expenses are considered allowable deductions. Required: Ttax forms in PDF format (ignore computations for penalties and surcharges): 1. Certificate of Compensation Payment/Tax Withheld 2. Percentage Tax Return for the 4th quarter (Use the new Percentage Tax Rate under CREATE law 1%) 3. Annual Income Tax Return SOCIAL SCIENCE LAW TAX LAW BSA TAX102 Ε 80 coursehero.com Tailor 6 Screenshots Stitched Available on the App Store 2:41 Search l 81 Q P Hello Tutors! Please help me solve this taxation problem! Thank you... Get answer > Question Asked by felzaragoza85 Hello Tutors! Please help me solve this taxation problem! Thank you and God bless! Taxpayer: [Your Name] TIN: 123-456-789-000 Address: Poblacion, Puerto Galera, Oriental Mindoro The taxpayer's compensation from private employment last year: Basic salary P480,000 Overtime pay 20,000 Night-shift differential 2,000 Bonus 20,000 13th-month pay and other 90,000 benefits All the mandatory contributions and withholding taxes were properly deducted and remitted. The taxpayer started a service business, non- VAT registered, on July 1 of last year, and had the following results of operations: SALES: July P83,000 August 75,000 September 82,000 October 85,000 November 90,000 December 95,000 EXPENSES: Salaries and wages P216,000 SSS, HDMF & PHIC Contributions 17,280 Electricity and Water 9,000 Communication Expenses 3,000 Rent Expense 30,000 Depreciation 12,000 Licenses 12,000 Taxes 15,210 All the above expenses are considered allowable deductions. Required: Ttax forms in PDF format (ignore computations for penalties and surcharges): 1. Certificate of Compensation Payment/Tax Withheld 2. Percentage Tax Return for the 4th quarter (Use the new Percentage Tax Rate under CREATE law 1%) 3. Annual Income Tax Return SOCIAL SCIENCE LAW TAX LAW BSA TAX102 Ε 80 coursehero.com Tailor 6 Screenshots Stitched Available on the App Store

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1 of Compensation PaymentTax Withheld Total Compensation Basic Salary Overtime Pay Nightshift Differ... View the full answer