NOTE: IM FROM PHILIPPINES

- *P5.3 (DC, RFC and NRFC) The following data were provided by Mine Corporation for 2021 taxable year: Gross sales - Philippines P8,000,000 Cost of goods sold - Philippines 3,500,000 Operating expenses - Philippines 2,200,000 Other income - Philippines 750,000 Gross sals - USA 4,600,000 Cost of goods sold - USA 1,430,000 Operating expenses - USA 1,250,000 Gross sales - Australia 3,300,000 Cost of goods sold - Australia 900,000 Operating expenses - Australia 800,000 REQUIRED: Determine the income tax due assuming: 1. The corporation is a domestic corporation 2. The corporation is a resident corporation 3. The corporation is a nonresident corporation a - *P5.3 (DC, RFC and NRFC) The following data were provided by Mine Corporation for 2021 taxable year: Gross sales - Philippines P8,000,000 Cost of goods sold - Philippines 3,500,000 Operating expenses - Philippines 2,200,000 Other income - Philippines 750,000 Gross sals - USA 4,600,000 Cost of goods sold - USA 1,430,000 Operating expenses - USA 1,250,000 Gross sales - Australia 3,300,000 Cost of goods sold - Australia 900,000 Operating expenses - Australia 800,000 REQUIRED: Determine the income tax due assuming: 1. The corporation is a domestic corporation 2. The corporation is a resident corporation 3. The corporation is a nonresident corporation a