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In year 2021, Simbayanan ni Sta.Maria (SnSM), a non-VAT registered multi-purpose cooperative, received P475,000 rental income (net of 5% withholding tax) and P10,000,000 interest income
In year 2021, Simbayanan ni Sta.Maria (SnSM), a non-VAT registered multi-purpose cooperative, received P475,000 rental income (net of 5% withholding tax) and P10,000,000 interest income from previously long-term loans, but are now maturing this year. Compute the business tax for SnSM. a. PO P15,000 C. P315,000 d. P314,250
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel
17th edition
1119503663, 1119571480, 1-119-50368-2, 111950368X, 978-1119503668
