4. A non-profit domestic hospital has the following data during the year 2x18: Gross income from hospital operation Operating Expenses (excluding depreciation for the new hospital building) Rent income of commercial space, hospital ground floor, net of 5% withholding taxes Interest on bank deposit, net of 20% withholding tax Dividend income from a domestic corporation P2,000,000 500,000 190,000 40,000 100,000 An additional hospital building was built and finished on June 30, 2X18 at the cost of P4,000,000 with a depreciable life of 25 years. a. Compute the income tax still due and payable in 2X18. b. Assume the hospital was organized for profit, compute the income tax still due and payable in 2X18.

4. A non-profit domestic hospital has the following data during the year 2x18: Gross income from hospital operation Operating Expenses (excluding depreciation for the new hospital building) Rent income of commercial space, hospital ground floor, net of 5% withholding taxes Interest on bank deposit, net of 20% withholding tax Dividend income from a domestic corporation P2,000,000 500,000 190,000 40,000 100,000 An additional hospital building was built and finished on June 30, 2X18 at the cost of P4,000,000 with a depreciable life of 25 years. a. Compute the income tax still due and payable in 2X18. b. Assume the hospital was organized for profit, compute the income tax still due and payable in 2X18.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 4PA: Jefferson Memorial Hospital is an investment center as a division of Hospitals United. During the...

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