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1 Proprietary Education Institution presented the following: Gross Income, Related activities P 5,000,000 Gross Income, Unrelated activities 5,000,000 Rent Income (net of 10% CWT) 1,800,000
1 Proprietary Education Institution presented the following: Gross Income, Related activities P 5,000,000 Gross Income, Unrelated activities 5,000,000 Rent Income (net of 10% CWT) 1,800,000 Expenses, Related activities 2,000,000 Expenses, Unrelated activities 3,000,000 Income Taxes paid (3 qrtrs.) 800,000 Answer the following: a. Gross rent income b. Amount of CWT c. Applicable tax rate for taxable income d. Income tax due e. Percentage of Unrelated income over total Gross Income
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