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Juan is a resident citizen, earning purely business income for 2019 taxable year: Gross Sales 2,900,000 Cost of Sales 1,400,000 Operating Expense 500,000 Creditable Withholding
Juan is a resident citizen, earning purely business income for 2019 taxable year:
Gross Sales 2,900,000
Cost of Sales 1,400,000
Operating Expense 500,000
Creditable Withholding Tax 45,000
35.AssumingJuan use,GraduatedRates,Itemizeddeduction,TheIncomeTaxduefor2019
a) P178,000
b) P412,000
c) P190,000
d) P175,000
36.AssumingJuanuse,GraduatedRates,Itemizeddeduction,TheIncomeTaxPayablefor2019
a) P133,000
b) P190,000
c) P145,000
d) P95,000
37.AssumingJuanuse,GraduatedRates,OSD,TheIncomeTaxduefor2019
a. P232,000
b. P412,000
c. P190,000
d. P406,000
38.AssumingJuanuse,GraduatedRates,OSD,TheIncomeTaxPayablefor2019
a) P367,000
b) P145,000
c) P187,000
d) P95,000
39.AssumingJuanuse,Final8%FlatRate,TheIncomeTaxduefor2019
a. P232,000
b. P212,000
c. P190,000
d. P175,000
40.AssumingJuanuse,Final8%FlatRate,TheIncomeTaxPayablefor2019
a. P187,000
b. P167,000
c. P145,000
d. P95,000
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Key Concepts In Primary Science Audit And Subject Knowledge
Authors: Vivian Cooke, Colin Howard
1st Edition
1910391506, 978-1910391501
