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Give the answers for the following requirements for the problem: 1. Fill-in 1701Q 3rd Quarter with correct information 2. Determine the tax due/overpayment (whichever is
Give the answers for the following requirements for the problem: 1. Fill-in 1701Q 3rd Quarter with correct information 2. Determine the tax due/overpayment (whichever is applicable) 3. Due date of payment and filing PROBLEM: Vina Santiago, the owner of ALOHA RESTO, is engaged in the restaurant business and classified as a non-VAT taxpayer with TIN no. 123-456-789 registered with RDO 98 (Cagayan de Oro). Her business is located at 25' street Nazareth DO. She wanted to file her 1701Q for the 3rd Quarterwith the following information. She wanted to avail of the following method: i. Graduated Tax Rate Il. Itemized deduction B. When she opened her business, she initially had a gross income for the month of September amounting to 300K consisting of the following: I.Sales - 230K II.Retirement Benefits amounting to 20k III. A cash of 20k given to her on her birthday C. Also, she incurred the following expenses for the month of September I. Travel expenses in Bohol with family - 50k Il. Wage of employee - 20k IlI. Rental Fee paid to the lessor - 10k iv. Cost of purchase of 2 gas ranges for the restaurant business- 30k
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