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Pink Company, a domestic corporation, presented the following data for the 2016 taxable year: Philippines Japan Gross income 500,000 600,000 Dividend received from Pillar Company,
Pink Company, a domestic corporation, presented the following data for the 2016 taxable year: Philippines Japan Gross income 500,000 600,000 Dividend received from Pillar Company, a domestic corporation 50,000 Interest income in dollar deposit 75,000 25,000 Business expenses 200,000 350,000 in income and taxation 1. How much is the gross income subject to Normal tax? 2. How much is the gross income subject to final tax? 3. How much is the minimum corporate income tax? 4. How much is the final tax? 5. How much is the regular corporate income tax? Pink Company, a domestic corporation, presented the following data for the 2016 taxable year: Philippines Japan Gross income 500,000 600,000 Dividend received from Pillar Company, a domestic corporation 50,000 Interest income in dollar deposit 75,000 25,000 Business expenses 200,000 350,000 in income and taxation 1. How much is the gross income subject to Normal tax? 2. How much is the gross income subject to final tax? 3. How much is the minimum corporate income tax? 4. How much is the final tax? 5. How much is the regular corporate income tax
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