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2. A corporation's record show: Quarter First Second Third Fourth Normal Income Tax per Quarter P 140,000 190,000 280,000 260,000 MCIT per Quarter P
2. A corporation's record show: Quarter First Second Third Fourth Normal Income Tax per Quarter P 140,000 190,000 280,000 260,000 MCIT per Quarter P 110,000 285,000 130,000 155,000 Quarter P 25,000 Taxes Withheld per Excess MCIT Prior Year P 25,000 35,000 40,000 30,000 Excess Withholding Tax Prior Year P 15,000 1. The income tax due and due income tax payable, respectively, for the first quarter are 2. The income tax due and income tax payable, respectively, for the second quarter are 3. The income tax due and income tax payable, respectively, for the third quarter are 4. The income tax due and income tax payable, respectively, for the year are
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