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Normalan University, an educational institution, reported their income of their business activity for 202B. It stated as follows: Compute for the : a. Related and
Normalan University, an educational institution, reported their income of their business activity for 202B. It stated as follows: Compute for the : a. Related and Unrelated Income (15 points) b. Income tax Payable on ITR (10 points) c. Percentage of Unrelated income over Gross income (5 points) in Peso Operating expenses 1,220,550 Tuition Fees 4,550,100 Miscelleneous Fees 349,500 Cash Dividends (Domestic) 150,000 Rent Income, (5%) witholding tax 120,000 Interest Income, (20%) final tax 55,230
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