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ANSWER THIS BASE ON PHILIPPINE SETTING train law Present a computation of the corporate income tax for the first quarter.Present a computation of the corporate

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ANSWER THIS BASE ON PHILIPPINE SETTING train law

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Present a computation of the corporate income tax for the first quarter.Present a computation of the corporate income tax for the second quarter. Present a computation of the corporate income tax for the third quarter.BCPK computed the following normal income tax and minimum corporate income tax, and creditable income taxes withheld from rst to fourth quarter, including excess MCD' from prior 1,rears amounting to P25,000 and excess withholding tax from prior years amounting to P15,000. Quarter NClT MCD' Withheld Taxes 1 9 03,000.00 9 95,000.00 9 15,000.00 2 9 220,000.00 9 100,000.00 9 25,000.00 3 9 250,000.00 9 100,000.00 9 35,000.00 4 9 235,000.00 9 90,000.00 9 32,000.00

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