MR. A IS A LICENSED DOCTOR HIS INCOME DID NOT REACH THE THRESHOOLD OF 3MILLION PESOS BUT HE DID NOT SUBMIT SWORN DECLARATION TO THE HOSPITAL WHERE HIS CLINIC IS LOCATED.
ON THE FIRST QUARTER HE EARNED 250,000. HE IS ABOUT TO PAY AND FILE HIS INCOME TAX. HE CHOSE GRADUATED TAX RATE USING OSD. ON THE SECOND QUARTER HE EARNED 400,000.00, ON THE THIRD QUARTER IS 650,000, WHILE ON THE FOURTH QUARTER IS 550,000.00
COMPUTE FOR THE FOLLOWING
TOTAL GROSS INCOME
TOTAL TAXABLE INCOME
TOTAL TAX WITHHELD FOR THE FIRS THREE QUARTERS
TOTAL TAX WITHHELD FOR THE LAST QUARTER
TAX PAYMENT MADE FOR THE FIRST THREE QUARTER
TAX STILL DUE AT THE END OF THE YEAR
TAX DUE FOR THE FIRST QTR, SECOND QTR AND THIRD QTR