Cameron a sole proprietorship has the following data in 2018, its first year of merchandising Gross Sales P300,000 Cost of goods sales 150,000 Other income
Cameron a sole proprietorship has the following data in 2018, its first year of merchandising
| Gross Sales | P300,000 |
| Cost of goods sales | 150,000 |
| Other income | 50,000 |
| Selling expenses | 20,000 |
| Depreciation expenses | 4,000 |
1. what is cameron's taxable income? 2. what is cameron's gross income?
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Authors: Betsy Nicoletti MS CPC
3rd Edition
0998498564, 978-0998498560
