Determine the income tax payable of Air Jordan Air Jordan, an international carrier doing business in the Philippines, provided the following data during the current taxable yr:Gross Receipts for a flight from Manila to Italy(Tickets sold in the Philippines)12,000,000.00Gross receipts for a flight from Manila to Germany(Tickets sold in Germany)6,000,000.00Gross Receipts for a flight from Manila to England(Tickets sold in Italy)Gross Receipts for a flight from Manila to England(Tickets sold in Philippines). The passengers were4,000,000.00transhipped in Germany to England by another airline.A flight from Manila to Germany is 9 hrs and a flight fromGermany to England is 3 hours.Operationg expenses in the Philippine Activities5,000,000.002,000,000.00Determine the income tax payable of Air Jordan

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Determine the income tax payable of Air Jordan

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter16: Multijurisdictional Taxation

Section: Chapter Questions

Problem 18P

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am. 113.
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