A Corporation, a MSME, reported the following gross income and expenses in 2022: Philippines Abroad Total Gross income P400,000 P300,000 P700,000 Deductions 200,000 150,000 350,000 Taxable income P200,000 P150,000 P350,000 Compute the income tax due if Qalvin is an non-resident owner or lessor of aircraft, machineries & other equipment
A Corporation, a MSME, reported the following gross income and expenses
in 2022:
Philippines Abroad Total
Gross income P400,000 P300,000 P700,000
Deductions 200,000 150,000 350,000
Taxable income P200,000 P150,000 P350,000
Compute the income tax due if Qalvin is an non-resident owner or lessor of aircraft, machineries & other equipment
A Corporation, a MSME, reported the following in 2023:
in 2022:
Philippines Abroad Total
Gross income P500,000 P200,000 P500,000
Direct Deductions 200,000 300,000 500,000
Common Expenses 150,000
Compute the income tax due if Qalvin is a business partnership organized in the Philippines
Qalvin Corporation, a MSME, reported the following in 2023:
in 2022:
Philippines Abroad Total
Gross income P500,000 P200,000 P500,000
Direct Deductions 200,000 300,000 500,000
Common Expenses 150,000
Compute the income tax due if Qalvin is a Co-ownership which re-invested the income of the property in other income producing properties
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