Question: TAXATION ACCOUNTING Please answer with complete solution and complete format. Case G: Determine the income tax due assuming the following data for 2018: Compensation income

TAXATION ACCOUNTING

Please answer with complete solution and complete format.

Case G: Determine the income tax due assuming the following data for 2018: 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

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