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Question 3 5 pts Korporasyon Corporation, a domestic corporation, has the following income and expenses for the year: Ab
Posted: Mon Apr 11, 2022 6:00 am
by answerhappygod
- Question 3 5 Pts Korporasyon Corporation A Domestic Corporation Has The Following Income And Expenses For The Year Ab 1 (35.75 KiB) Viewed 18 times
Question 3 5 pts Korporasyon Corporation, a domestic corporation, has the following income and expenses for the year: Abroad Gross sales Philippines P 100,000,000 40,000,000 250.000.000 Cost of sales 20,000,000 Allowable itemized deductions 30,000.000 12.000.000 How much is the income tax due assuming the taxable year is 2019? Berkshire Corporation reported the following gross income and expenses in 2020 Total Philippines 400,000 200,000 Abroad 300.000 Gross Income Deductions 700,000 150,000 350,000 Taxable income 200.000 150.000 350.000
Question 4 5 pts Compute the income tax due if the corporation is a domestic corporation?