Dakota, a self-employeed resident citizen provided the following data for 2018 taxable year sales php 2,800,000 cost of sale 1,125,000 business expenses 650,000 interest income from peso bank deposit 80,000 interest income from deposit under FCDS 120,000

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A: SOLUTION TAXABLE INCOME IS THE AMOUNT OF INCOME USED TO CALCULATE THE TAXES OWED BY AN INDIVIDUAL…

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A: 1.  her income subject to final tax     = 80,000 + 75,000 + 40,000      =  1,95,000 ( C)

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A: The Federal Dividend Tax Credit is designed to reduce the amount of taxes an individual pays on a…

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A: Hi student Since there are multiple questions, we will answer only first question.

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A:

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A: Correct answer is option B That is P99,000 So,Total amount of income subject to final tax is P99,000

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