CSA Corporation suffered the following net operating losses for the last 5 years: 2017  P100,000 2018  P50,000 2019  P150,000 2020  P500,000 2021  P350,000 If net taxable income before the NOLCO deduction is P1,300,000 during 2022, how much is the income tax of CSA Corporation using the 25% income tax rate? Group of answer choices P112,500.00 P37,500.00 P325,000.00 P75,000.00

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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CSA Corporation suffered the following net operating losses for the last 5 years:

2017  P100,000

2018  P50,000

2019  P150,000

2020  P500,000

2021  P350,000

If net taxable income before the NOLCO deduction is P1,300,000 during 2022, how much is the income tax of CSA Corporation using the 25% income tax rate?

Group of answer choices
P112,500.00
P37,500.00
P325,000.00
P75,000.00
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