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Assuming that Mimaropa is a corporate taxpayer, compute the taxable income. Mr. Mimaropa reported the following data in 2021. Sales P 1,000,000 Cost of Sales

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Assuming that Mimaropa is a corporate taxpayer, compute the taxable income. Mr. Mimaropa reported the following data in 2021. Sales P 1,000,000 Cost of Sales 600,000 Gain on Sale of Equipment 60,000 Interest Income from Bank Deposits 40,000 Deductible Expenses 300,000 Non-deductible Expenses 200,000 Your

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