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Given: The taxpayer is an individual. Gross sales: 500,000 Discounts: 20,000 Cost of sales: 300,000 Other income: 100,000 Expenses: 150,000 Compensation income: 50,000. Find the
Given: The taxpayer is an individual. Gross sales: 500,000 Discounts: 20,000 Cost of sales: 300,000 Other income: 100,000 Expenses: 150,000 Compensation income: 50,000. Find the taxable income if he chooses to use OSD and graduated tax table (Philippines)
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