Maria is a resident Citizen Taxable period 2021 Gross Sales php 2,500,000 Other operating income 200,000 non operating income 100,000 cost of sales 1,000,000 operating expenses 500,000 non operating expenses 50,000 What is thr NET TAXABLE INCOME using ITEMIZED deductions. Show computation 1,150,000 1,200,000 1,250,000 1,300,000
Maria is a resident Citizen Taxable period 2021 Gross Sales php 2,500,000 Other operating income 200,000 non operating income 100,000 cost of sales 1,000,000 operating expenses 500,000 non operating expenses 50,000 What is thr NET TAXABLE INCOME using ITEMIZED deductions. Show computation 1,150,000 1,200,000 1,250,000 1,300,000
Chapter16: Property Transactions: Capital Gains And Losses
Section: Chapter Questions
Problem 48P
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Question
Maria is a resident Citizen
| Taxable period 2021 | |
| Gross Sales | php 2,500,000 |
| Other operating income | 200,000 |
| non operating income | 100,000 |
| cost of sales | 1,000,000 |
| operating expenses | 500,000 |
| non operating expenses | 50,000 |
What is thr NET TAXABLE INCOME using ITEMIZED deductions. Show computation
- 1,150,000
- 1,200,000
- 1,250,000
- 1,300,000
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