The following are your clients as a Consultant: S1 - an online seller of cakes and pastries
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Question:
S1 - an online seller of cakes and pastries whose gross sales amounted to Php 300,000
S2 - an employee whose gross compensation income amounted to Php 3 Million
S3 - a VAT-registered seller of goods whose gross receipts amounted to Php 1 Million
Who among them is qualified to use 8% optional income tax?
11.ABC Corp. registered in 2010 made available the following financial information for TY2021:
Balance Sheet:
Asset - Php 50,000,000
Liability - Php 30,000,000
Stockholders' Equity - Php 20,000,000
Income Statement:
Gross sales - Php 100,000,000
Cost of sales - Php 60,000,000
Operating Expenses - Php 50,000,000
How much is the income tax payable under CREATE if the taxpayer is a domestic corporation?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: