Question: TAXATION ACCOUNTING Please answer with complete solution. Case G: Determine the income tax due assuming the following data for 2018: Compensation income P900. 000 Gross

TAXATION ACCOUNTING

Please answer with complete solution.

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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