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The records of Acme Corporation, domestic, organized in 2016, engaged in retail, show the following in calendar years 2019, 2020, 2021 (apply MCIT) Sales Cost
The records of Acme Corporation, domestic, organized in 2016, engaged in retail, show the following in calendar years 2019, 2020, 2021 (apply MCIT) Sales Cost of Sales Operating Expenses Non-operating income CWT per BIR Form 2307 2021 1,800,000 430,000 1,740,200 400,000 18,000 2022 1,740,000 110,000 1,600,000 70,000 2,500 2023 2,100,200 510,100 1,300,400 230,000 21,002 The corporation had excess tax credits at the end of 2020 in the amount of P15,000. The corporation chooses to credit in future years any excess tax credits it may have in a taxable year (apply MCIT) 5. Compute the tax due and tax payable for 2021 6. Compute the tax due and tax payable for 2022 7. Compute the tax due and tax payable for 2023
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