Shikamaru's gross receipts from his practice of profession amounts to P3,000,000. Cost of services amounts to P500,000

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Shikamaru's gross receipts from his practice of profession amounts to P3,000,000. Cost of services amounts to P500,000 and operating expenses are 200,000. Which is more advantageous to Shikamaru as far as income tax is concerned?

Availing of 8% tax

Availing graduated income tax rate

No advantage

Small advantage for 8% tax

Related Book For answer-question

Applied Statistics In Business And Economics

ISBN: 9780073521480

4th Edition

Authors: David Doane, Lori Seward

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Posted Date: Jan 30, 2024 04:16 AM

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Shikamaru's gross receipts from his practice of profession amounts to P3,000,000. Cost of services amounts to P500,000

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Applied Statistics In Business And Economics

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