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Innie One Corporation, a domestic corporation, had the following data for the calendar year ended December 31,2020 , its first year of operations: The company's statement of financial position as of December 31, 2020 showed total assets amounting to P125,000,000, of which P35,000,000 pertains to the cost of Ehe land where the company's office, plant, and equipment are situated during the taxable year. How much is Innie One Corporation's income tax due in its annual income tax return? 3.575 .000 3.932 .500 1.787 .500 2165000 Innie One Corporation, a domestic corporation, had the following data for the calendar year ended December 31,2020 , its first year of operations: The company's statement of financial position as of December 31, 2020 showed total assets amounting to P125,000,000, of which P35,000,000 pertains to the cost of the land where the company's office, plant, and equipment are situated during the taxable year. How much is Innie One Corporation's income tax due in its annual income tax return? assoco =120000 1,075,000 Innie One Corporation, a domestic corporation, had the following data for the fiscal year ended April 30,2021 , its seventh year of operations: The company's statement of financial position as of April 30, 2021 showed total assets amounting to P125,000,000, of which P35,000,000 pertains to the cost of the land where the company's office, plant, and equipment are situated during the taxable year. How much is Innie One Corporation's income tax due in its annual income tax return? NiI 87500 75000 62500 What is the minimum corporate income tax rate applicable to a domestic corporation whose taxable year ended on November 30, 2020? 1.00% None from the choices mentioned 158x 2005 Innie One Corporation, a domestic corporation, had the following data for the calendar year ended December 31,2021 , its first year of operations: The company's statement of financial position as of December 31, 2021 showed total assets amounting to P125,000,000, of which P35,000,000 pertains to the cost of the land where the company's office, plant, and equipment are situated during the taxable year. How much is Innie One Corporation's income tax due in its annual income tax return? 3,575,000 4,375,000 True or False? Gross income less operating expenses is equal to taxable sales. True False Question 7 1/1pts True or False? If a domestic corporation incurred a net loss, but still has gross income and is already operating on its sixth year, it will be subject to the minimum corporate income tax on said gross income. True True or False? A domestic corporation, in its first year of operations, incurred a net loss. However, it earned gross income during the year. The domestic corporation should pay income tax equivalent to the minimum corporate income tax based on gross income. True False Question 9 1 / 1 pts True or False? A domestic corporation has total assets amounting to P120,000,000, which includes the cost of the land in which its business operation is situated amounting to P20,000,000. During CY 2021, its income tax return shown a taxable income of P5,000,000. For CY 2021, the applicable regular corporate income tax rate is 25%. False True or False? A domestic corporation has total assets amounting to P120,000,000, which includes the cost of the land in which its business operation is situated amounting to P30,000,000. During CY 2021, its income tax return shown a taxable income of P5,000,001. For CY 2021, the applicable regular corporate income tax rate is 25%. True Fike