If Juan Da Kuan is a resident citizen and is earning purely business income for 2018 taxable year with the following details: Gross sales of Php2,800,000 and Cost of sales of Php1,200,000 and Operating expenses of Php650,000 and rental income (net of CWT) of Php380,000 and other creditable withholding taxes of Php80,000; how much is Juan DaKuan's Income tax due and payable for 2018? * O Php209,000 O Php95,000 O Php195,000 Php295,000
If Juan Da Kuan is a resident citizen and is earning purely business income for 2018 taxable year with the following details: Gross sales of Php2,800,000 and Cost of sales of Php1,200,000 and Operating expenses of Php650,000 and rental income (net of CWT) of Php380,000 and other creditable withholding taxes of Php80,000; how much is Juan DaKuan's Income tax due and payable for 2018? * O Php209,000 O Php95,000 O Php195,000 Php295,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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