Individual Income Tax A resident citizen has compensation income of P300,000 for the year 2020. The...
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Individual Income Tax A resident citizen has compensation income of P300,000 for the year 2020. The non-taxable compensation is P30,000. Compute the income tax due and explain your answer. Corporate Income Tax A domestic corporation has a Gross Income of P20,000,000 and Allowable deduction is P8,000,000 for the year 2021. Compute the income tax due and explain your answer. Individual Income Tax A resident citizen has compensation income of P300,000 for the year 2020. The non-taxable compensation is P30,000. Compute the income tax due and explain your answer. Corporate Income Tax A domestic corporation has a Gross Income of P20,000,000 and Allowable deduction is P8,000,000 for the year 2021. Compute the income tax due and explain your answer.
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Given compensation received P 300000 Non Taxable compensati... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
Posted Date:
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