c. P60,000
Chapter17: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 26CE
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Question
A domestic corporation has the following data for three years.
Regular Corporate Income Tax
2020 - P50,000
2021 - P60,000
2022 - P100,000
Minimum Corporate Income Tax
2020 - P75,000
2021 - P100,000
2022 - P60,000
How much is the amount of tax payable for the year 2022?
a. P65,000
b. P100,000
c. P60,000
d. P35,000
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