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trainlaw please help for taxable year 2014, the following cumulative balances appear in the records of Kingdom Corporation, a domestic corporation. 2014 is its third
trainlaw please help for taxable year 2014, the following cumulative balances appear in the records of Kingdom Corporation, a domestic corporation. 2014 is its third year of operations. For 2013, Kingdom has an income tax refund of P32,000. Year 191 Quarter 2nd Quarter 3rd Quarter 2,560,000 5,120,000 7,680,000 9,920,000 Gross Income Interest on Philippine Currency Bank Deposit Business Expenses Income Tax Withheld 16,000 32,000 48,000 64,000 ( 1,920,000) 3,840,000 5,440,000 6,720,000 48,000 112,000 208,000 368,000 5. Income tax for the first quarter: 6. Income tax due at the end of the second quarter: 7. Income tax for the third quarter: 8. Income tax due at year-end: 9. Final tax on Philippine currency bank deposit: 191
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