Question
Viking Company reported in the income statement for the year ended December 31, 2021, a pretax income of P1,000,000. Tax Return Accounting Record Rent income70,000
Viking Company reported in the income statement for the year ended December 31, 2021, a pretax income of P1,000,000.
Tax Return
Accounting Record
Rent income70,000
120,000
Depreciation income280,000
220,000
Premium on officers' life insurance0
90,000
Income tax rate30%
What is the current provision for income tax for 2021?
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Essentials Of Accounting
Authors: Leslie Breitner, Robert Anthony
11th Edition
0132744376, 978-0132744379
