Tabag income taxation 2021 answer key
WebAnswer, PO . The Wansfer is revocable on the part of the testator (Pedra). A revocable ‘transfer does nal actualy convey ownership over the property tranglerred ‘because Hf may be revoked anytime by the lestator (regardless af … WebIncome Tax Payable = P212,000computed as follows: Compensation income P1,400,000 Gross sales 2,800,000 Cost of sales (1,200,000) Operating expenses (650,000) Taxable net income P2,350,000 Tax Due: 1st P2,000,000 P490,000 Excess over P2M = (P350,000 x 32%) 112,000 Tax Due P602,000 Less: CWT On compensation income (310,000) On business …
Tabag income taxation 2021 answer key
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