Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 20, 2024

Based on data below what is the amount to be added as additional expense to a manufacturing business which is an accredited training institution as

Based on data below what is the amount to be added as additional expense to a manufacturing business which is an accredited training institution as granted by CHED, for the current year:

Total direct labor wage P1,500,000

Total labor wage in clearing business office area P50,000

Total Training Expenses P450,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Ans The additional expense to be added to a m... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2015

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

33rd Edition

9781305177772, 128543952X, 1305177770, 978-1285439525

More Books

Students also viewed these Law questions

Question

★★★★★

What form does a self-employed sole proprietor usually use to report income and expenses from business? a. Schedule C b. Schedule D c. Schedule A, Miscellaneous Itemized Deductions d. Form 2106,...

Answered: 1 week ago

Question

★★★★★

We will be working with a company called Global Bike Inc., (GBI). Information regarding GBI follows. Company History Global Bike Inc. has a pragmatic design philosophy that comes from its deep roots...

Answered: 1 week ago

Question

★★★★★

1.Which of the following below is NOT an element of internal control? a. risk assesment b. monitoring c. information and communication d. behavior analysis ANSWER:D 2. Which of the following below is...

Answered: 1 week ago

Question

★★★★★

Monochromatic light from a distant source is incident on a slit 0.750mm wide. On a screen 2.00 m away, the distance from the central maximum of the diffraction pattern to the first minimum is...

Answered: 1 week ago

Question

★★★★★

Discuss conditions under which the median is preferred to the mean as a measure of central tendency.

Answered: 1 week ago

Question

★★★★★

M balls are initially distributed among m urns. At each stage one of the balls is selected at random, taken from whichever urn it is in, and placed, at random, in one of the other m - 1 urns Consider...

Answered: 1 week ago

Question

★★★★★

For the disjoint events A and B in a sample space , we know that P(A B) = 56, 4P(A) + P(B) = 1. Then, the probabilities of the events A and B are, respectively, equal to (a) P(A) = 16, P(B) = 23 (b)...

Answered: 1 week ago

Question

★★★★★

Sweet Stores, Inc., sells electronics and appliances. The excerpts that follow are adapted from Sweet Stores' financial statements for 2016 and 2015? Requirements 1. How much was Sweet Stores' cost...

Answered: 1 week ago

Question

★★★★★

i need 6 9 7 . .

Answered: 1 week ago

Question

★★★★★

Part 2: Presentation and Data Work (90 marks) You have been asked to collect company data and to create a final written presentation based on your analysis of the data and the performance measures...

Answered: 1 week ago

Question

★★★★★

Depreciation Methods On January 2, 2018, Alvarez Company purchased an electroplating machine to help manufacture a part for one of its key products. The machine cost $437,400 and was estimated to...

Answered: 1 week ago

Question

★★★★★

Addressing A large organisation has a CIDR block (192.168.128.0/18) and would like to give one subnet to each department as shown below. Develop a variable-length addressing scheme that best fits the...

Answered: 1 week ago

Question

★★★★★

Context: You are a Sales Account Manager and you manage a book of business made up of 100 restaurants (brands). Your main priority is Client Retention and Growth. You want restaurant businesses to...

Answered: 1 week ago

Question

★★★★★

Question1 diversity in the workplace. Please research 6 benefits of having a diverse workforce. Explain in detail how each of the benefits enable an organization to become more competitive and...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

Your company intends to invest in FinTrans, a fintech company that facilitates convenient transfer of funds across borders. You will be able to influence FinTrans' product development so that your...

Answered: 1 week ago

Question

★★★★★

Prepare the journal entry to record the sale of these bonds on January 1, 2022. Metlock, Inc. issues $2.30 million, 10 -year, 8% bonds at 95 , with interest payable each January 1

Answered: 1 week ago

Question

★★★★★

Do the three planes x + 2x + x 3 = 4, X X 3 = 1, and x + 3x = 0 have at least one common point of intersection? Explain.

Answered: 1 week ago

Question

★★★★★

Indicate whether the following statements are true or false: ________ A field audit by the IRS is an audit conducted at the IRS field office. ________ A low Discriminant Function System score for a...

Answered: 1 week ago

Question

★★★★★

Lawrence owns a small candy store that sells one type of candy. His beginning inventory of candy was made up of 10,000 boxes costing $1.50 per box ($15,000), and he made the following purchases of...

Answered: 1 week ago

Question

★★★★★

Lisa Sizemore, a taxpayer in the 1015 percent tax bracket, purchased stock as an investment on July 11, 2013. She sold the stock on July 9, 2014, 2 days before qualifying for the long-term holding...

Answered: 1 week ago

Question

★★★★★

Cincinnati Paint Company sells quality brands of paints through hardware stores throughout the United States. The company maintains a large sales force whose job it is to call on existing customers...

Answered: 1 week ago

Question

★★★★★

A multiple regression equation yields the following partial results. a. What is the total sample size? b. How many independent variables are being considered? c. Compute the coefficient of...

Answered: 1 week ago

Question

★★★★★

In a multiple regression equation, two independent variables are considered, and the sample size is 25. The regression coefficients and the standard errors are as follows. b1 = 2.676 sb1 = 0.56 b2 =...

Answered: 1 week ago

Previous Question Next Question