Question
Pro-life insurance is engaged in business. It also serves as an agent of a marine foreign insurance company. It has the following data for the
Pro-life insurance is engaged in business. It also serves as an agent of a marine foreign insurance company. It has the following data for the current month:
Total premium collected as an agent for a foreign insurance company
P2,000,000
Total premiums collected from non-life insurance business
500,000
Purchase of supplies for use in non-life business
300,000
How much is the tax for total premiums collected as an agent of a foreign insurance company?
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Financial Accounting Fundamentals With Connect Plus
Authors: John Wild
4th Edition
77785932, 978-0077785932
