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SureMed Medical Center is a non-profit hospital. In 2020, it reported the following gross income and expenses: Gross Income Directly traceable expenses ACTIVITIES TOTAL RELATED
SureMed Medical Center is a non-profit hospital. In 2020, it reported the following gross income and expenses: Gross Income Directly traceable expenses ACTIVITIES TOTAL RELATED P 7,500,000 4,375,000 UNRELATED 8,560,000 P 16,060,000 3,750,000 8,125,000 Common expenses for both activities Other income received during the year: Interest on time deposit with BDO Quezon City Dividend income from PLDT Company Compute for the taxable income and the tax due assuming a. the given facts b. SureMed Medical Center is a private hospital c. Suremed Medical center is a government hospital 1,450,000 P 14,300 1,350
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