Question: TAXATION ACCOUNTING Please answer with complete solution and concrete format. Case B: Determine the income tax due assuming the following data for 2018: Gross sales

TAXATION ACCOUNTING

Please answer with complete solution and concrete format.

Case B: Determine the income tax due assuming the following data for 2018: Gross sales P5, 000, 000 Cost of sales (2, 250, 000) Operating expenses (1, 250, 000) Net taxable income P1, 500, 000)

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