Maria Clara Santos works is an accountant with her own accounting firm as well as teaching full time in a university. She earns an annual income of 2,679,000 from the operation of her firm. She is married with 4 children all minors. She also receives income of 58,900 per month in the university. She receives 13 th and 14 th month pay, and other benefits amounting to 246,099 (excluding 13 th and 14 th month pay). Compute for her annual tax return.
Maria Clara Santos works is an accountant with her own accounting firm as well as teaching full time in a university. She earns an annual income of 2,679,000 from the operation of her firm. She is married with 4 children all minors. She also receives income of 58,900 per month in the university. She receives 13 th and 14 th month pay, and other benefits amounting to 246,099 (excluding 13 th and 14 th month pay). Compute for her annual tax return.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Maria Clara Santos works is an accountant with her own accounting firm as well as
teaching full time in a university. She earns an annual income of 2,679,000 from
the operation of her firm. She is married with 4 children all minors. She also
receives income of 58,900 per month in the university. She receives 13 th and 14 th
month pay, and other benefits amounting to 246,099 (excluding 13 th and 14 th month
pay). Compute for her annual tax return.
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