Question
2. Jack Cruz is a project consultant. Total project fees earned during the year amounted to P853,000. Jack opted to use the optional standard
2. Jack Cruz is a project consultant. Total project fees earned during the year amounted to P853,000. Jack opted to use the optional standard deduction of 40%. Determine the tax due of Jack Cruz based on the following possible tax status of Jack: a. Jack is single with no dependent. b. Jack is married with one qualified dependent. c. Jack is married with three qualified dependent.
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Financial Accounting
Authors: Walter Harrison, Charles Horngren, William Thomas
10th edition
133796833, 133427536, 9780133796834, 978-0133427530
