Julia earned P300,000 in rendering services. His total expenses are 30%. His net income is? a. P120,000 b. P210,000 c. P80,000 d. P320,000 answer this
Julia earned P300,000 in rendering services. His total expenses are 30%. His net income is? a. P120,000 b. P210,000 c. P80,000 d. P320,000 answer this
Chapter9: Deductions: Employee And Self-employed-related Expenses
Section: Chapter Questions
Problem 15CE
Related questions
Question
100%
Julia earned P300,000 in rendering services. His total expenses are 30%. His net income is? a. P120,000 b. P210,000 c. P80,000 d. P320,000 answer this
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps

Recommended textbooks for you

College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub