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The corporation's total tax liability including the tax on 87. A domestic corporation has the following data for the year 2018 (fourth year of operation):
The corporation's total tax liability including the tax on 87. A domestic corporation has the following data for the year 2018 (fourth year of operation): the profit remitted is: Sales P5.000.000 Cost of sales 1,500,000 Business expenses 800.000 Dividend from domestic corporation 50.000 Selling price of land classified as capital asset(cost, P3.500,000) 4,000,000 Interest on Philippine currency bank deposit 40,000 Dividend declared and paid 500,000 Tax paid for the first three quarters 550,000 Lotto winnings 2,000.000 Paid up Capital 1,000,000 3. P10,944,000 C. P15,960,000 b. P11,545,600 d. P12.475,000
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