Compute the following give the detail computation. 1. Salary 400,000 Bonus 200,000 and Business net income is 200,000. How much taxable income 2. If M and T share profits at 40:30 Net income before tax 2,500,000. How is the share of Tin BTP 3. If M and T share profits at 60:70 Net income before tax 2,500,000. How is the share of M in GPP 4. Compute for tax Salary 500,000, Debts is 400,000. Compute for taxable income 5. Equipment cost 750,000, life 4 1/2 years Bought last March 10, Compute depreciation Dec 31 6. Bought merchandise 100,000. Paid 25,000 cash balance via a 10 days 20 days note. Journal entry 7. Truck cost 980,000, life 5 years Bought last March 18, Compute depreciation Dec 31 8. Royalty for musical composition amounting to 120,000, compute for passive income tax 9. Compute for interest: loan 300,000, rate 8%, time 45 days 10. Compute for passive income tax dividend 48,000. 11. Land Selling price 1,200,000 Fair market value 1,300,000, Assess value 1,000,000 Capital gain tax

12. Winning from contest 110,000. Compute for final tax 13. Bought computer 150,000 paid 50,000 cash balance on account. 14. Paid creditors 120,000 with discount of 5% in cash 15. Paid creditors 120,000 with discount of 5% in cash Paid equipment bought 50,000 via a note 30 days 8% note. Subject: Marketing