How much is the cash paid to the professional?
Chapter2: Income Tax Concepts
Section: Chapter Questions
Problem 36P
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Question
A non-VAT business taxpayer was allowed a deduction of P12,566 for his regular income tax. This arose from services rendered by a VAT professional which was subject to 5% expanded withholding.
How much is the cash paid to the professional?
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT