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Philippine income taxation. please show solution 9. Burn, Inc., a domestic corporation, has the following information regarding its income and expenses for the taxable year

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Philippine income taxation. please show solution

9. Burn, Inc., a domestic corporation, has the following information regarding its income and expenses for the taxable year 2018, which is in its 4th year of business operation: First Second Third Fourth Normal Tax P1,000,000 P1,200,000 P2,200,000 P3,100,000 MCIT 600,000 1.300,000 1,920,000 2,680,000 CWT 320,000 480,000 704,000 896,000 "Excess MCIT from previous year - 150,000 Assume that the amounts are cumulative from first quarter to the fourth quarter, what is the income tax still due in the fourth quarter? 9. Burn, Inc., a domestic corporation, has the following information regarding its income and expenses for the taxable year 2018, which is in its 4th year of business operation: First Second Third Fourth Normal Tax P1,000,000 P1,200,000 P2,200,000 P3,100,000 MCIT 600,000 1.300,000 1,920,000 2,680,000 CWT 320,000 480,000 704,000 896,000 "Excess MCIT from previous year - 150,000 Assume that the amounts are cumulative from first quarter to the fourth quarter, what is the income tax still due in the fourth quarter

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