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refer to the image: Strategic Tax Management A sole proprietorship has the following projected result of operations for the year 2022: Sales 15,000,000 Gross Income
refer to the image: Strategic Tax Management
A sole proprietorship has the following projected result of operations for the year 2022: Sales 15,000,000 Gross Income from operations 50% based on cost Interest income from Metrobank 25,000 Dividend income from the CocaCola Company {NRFC} 100,000 Operating Expenses 3,200,000 Allowable itemized deductions 2,500,000 1. What is the amount of other income subject to the final tax scheme? 2. What is the amount of other income subject to the normal income tax schemeStep by Step Solution
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