Pioneer College, a private e
Chapter1: Financial Statements And Business Decisions
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![1. Pioneer College, a private educational institution, has presented the following data for the year:
Gross Income, related activities
Gross Income, unrelated activities (except rental income)
Rental income (gross of 5% WT)
Expenses, related activities
Expenses, unrelated activities
Dividend income from a domestic corporation
Quarterly income tax paid for the first three quarters
Compute the income tax payable.
P5,000,000
5,000,000
2,000,000
2,000,000
3,000,000
100,000
500,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6e10912e-5b4f-4905-9d20-b9b6469c0778%2Fd622c862-1ace-4be2-bf1f-1576f8b5da2f%2Fh9nr93r_processed.png&w=3840&q=75)
Transcribed Image Text:1. Pioneer College, a private educational institution, has presented the following data for the year:
Gross Income, related activities
Gross Income, unrelated activities (except rental income)
Rental income (gross of 5% WT)
Expenses, related activities
Expenses, unrelated activities
Dividend income from a domestic corporation
Quarterly income tax paid for the first three quarters
Compute the income tax payable.
P5,000,000
5,000,000
2,000,000
2,000,000
3,000,000
100,000
500,000
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