MOMO is an employee of BTS Corporation and earned $200,000 for the taxable year 2021. If for the same year, she earned $450,000 in commission income and opted to avail of the 8% flat rate, how much would be her total income tax due? a. $32,000 b. $36,000 c. $16,000 d. Answer not given
MOMO is an employee of BTS Corporation and earned $200,000 for the taxable year 2021. If for the same year, she earned $450,000 in commission income and opted to avail of the 8% flat rate, how much would be her total income tax due? a. $32,000 b. $36,000 c. $16,000 d. Answer not given
Chapter12: Tax Administration And Tax Planning
Section: Chapter Questions
Problem 21MCQ
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Question
MOMO is an employee of BTS Corporation and earned $200,000 for the taxable year 2021. If for the same year, she earned $450,000 in commission income and opted to avail of the 8% flat rate, how much would be her total income tax due?
a. $32,000
b. $36,000
c. $16,000
d. Answer not given
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ISBN:
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Author:
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Publisher:
CENGAGE LEARNING - CONSIGNMENT