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Daniel, married, supporting her mother and two minor children, has the following income and expenses: Salary Professional Income as CPA Gross income from business Expenses
Daniel, married, supporting her mother and two minor children, has the following income and expenses: Salary Professional Income as CPA Gross income from business Expenses - practice of P 86,000 25,000 200,000 5,600 profession Expenses - business 130,000 1. Compute for the taxable income. (3 pts) 2. Compute for the income tax due. (2 pts) Reminder: Submit your answer in the last
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