BOM21 B BACD002 BOMI 10:301 EA#9 Tax on Corporation: Problem Solving FnB Question 24 of 43 Fill in the blanks The books of a corporation show the following for the taxable year 2019 Gross income Deductions Philippines P400,000 P200,000 United States of America 300,000 100,000 Singapore 200,000 150,000 Malaysia 100,000 50,000 The corporation paid tax on net income of P70,000 in the US, P19,000 in Singapore and P15,000 in Malaysia The tax still due assuming that the corporation is Domestic Corporation is (foreign income taxes are claimed as tax credit)
BOM21 B BACD002 BOMI 10:301 EA#9 Tax on Corporation: Problem Solving FnB Question 24 of 43 Fill in the blanks The books of a corporation show the following for the taxable year 2019 Gross income Deductions Philippines P400,000 P200,000 United States of America 300,000 100,000 Singapore 200,000 150,000 Malaysia 100,000 50,000 The corporation paid tax on net income of P70,000 in the US, P19,000 in Singapore and P15,000 in Malaysia The tax still due assuming that the corporation is Domestic Corporation is (foreign income taxes are claimed as tax credit)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![BOM21 B BACD002 BOM1 10:30AM 12:00NN TUESDAY & FRIDAY
EA#9 Tax on Corporation: Problem Solving FnB
Question 24 of 43
Fill in the blanks
The books of a corporation show the following for the taxable year 2019
Gross income Deductions
Philippines
P400,000
P200,000
United States of America
300,000
100,000
Singapore
200,000
150,000
Malaysia
100,000
50,000
The corporation paid tax on net income of P70,000 in the US, P19,000 in Singapore and P15,000 in Malaysia
The tax still due assuming that the corporation is Domestic Corporation is
NOTE: Answers are in numerical form COMMA, PESO SIGN, and other characters are NOT REQUIRED
< Previous
4
Shot on OnePlus
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O
(foreign income taxes are claimed as tax credit)
W
1741
327c](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F448a7707-bbcd-4bee-a424-1121159d74a4%2Febb74836-1868-4a2c-bf9b-b6c77dbfb7d3%2F5wo6j7g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:BOM21 B BACD002 BOM1 10:30AM 12:00NN TUESDAY & FRIDAY
EA#9 Tax on Corporation: Problem Solving FnB
Question 24 of 43
Fill in the blanks
The books of a corporation show the following for the taxable year 2019
Gross income Deductions
Philippines
P400,000
P200,000
United States of America
300,000
100,000
Singapore
200,000
150,000
Malaysia
100,000
50,000
The corporation paid tax on net income of P70,000 in the US, P19,000 in Singapore and P15,000 in Malaysia
The tax still due assuming that the corporation is Domestic Corporation is
NOTE: Answers are in numerical form COMMA, PESO SIGN, and other characters are NOT REQUIRED
< Previous
4
Shot on OnePlus
Powered by Triple Camera
O
(foreign income taxes are claimed as tax credit)
W
1741
327c
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