GE 10:13 O O O01:57:18 RemainingMultiple ChoiceIn 2021, Z earned P620,000compensation income butincurred P280,000 net loss in herbusiness. What is her incometax due/payable assuming sheincurred personal expenses ofP160,000.ZEROP18,000P45,000P85,00034 of 60

Income tax refers to the percentile tax obligation implied by the authoritative government over the…

Answered: 2021, Z earned P620,00 mpensation…

Business

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2021, Z earned P620,00 mpensation income but

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

GE 10:13 O O O
01:57:18 Remaining
Multiple Choice
In 2021, Z earned P620,000
compensation income but
incurred P280,000 net loss in her
business. What is her income
tax due/payable assuming she
incurred personal expenses of
P160,000.
ZERO
P18,000
P45,000
P85,000
34 of 60

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