Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Who among the following can avail of the 8% optional income tax rate? Group of answer choices Employee with annual compensation income of P2.5 million.
Who among the following can avail of the 8% optional income tax rate?
Group of answer choices
Employee with annual compensation income of P2.5 million.
VAT mixed income earner with gross sales of P5 million.
VAT self-employed individual with gross sales of P1.5 million.
Non-VAT professional with gross receipts amounting to P2.8 million.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started