Question
If Crisame Corporation itemizes deductions in 2018, what is its income tax payable in the 3rd quarter of 2018? Crisame Corporation had the following quarterly
If Crisame Corporation itemizes deductions in 2018, what is its income tax payable in the 3rd quarter of 2018?
Crisame Corporation had the following quarterly data in 2018: 1Q 2Q 3Q Sales 7,000,000 11,000,000 11,000,000 Cost of Sales 3,000,000 5,000,000 4,800,000 Deductions 2,500,000 3,500,000 4,500,000 Tax withheld by clients 350,000 550,000 550,000 The corporation also had excess tax credits from the prior year in the amount of PhP5,000. 4Q 15,000,000 6,500,000 1,500,000 750,000
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
7th Canadian edition
1119368456, 978-1119211587, 1119211581, 978-1119320623, 978-1119368458
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