Ms.Angel is a prominent independent contractor who offers architectural and engineering services.Since RPSV's career flourished,her total gross receipts amounted to 4,250,000 for taxable year 2020.Her recorded cost of service and operating expenses were 2,150,000 and 1,000,000 respectively.She opted to avail of the 40% OSD.What is the invome tax due of Ms. angel in the year 2020?
Ms.Angel is a prominent independent contractor who offers architectural and engineering services.Since RPSV's career flourished,her total gross receipts amounted to 4,250,000 for taxable year 2020.Her recorded cost of service and operating expenses were 2,150,000 and 1,000,000 respectively.She opted to avail of the 40% OSD.What is the invome tax due of Ms. angel in the year 2020?
Chapter18: Accounting Periods And Methods
Section: Chapter Questions
Problem 20DQ
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Ms.Angel is a prominent independent contractor who offers architectural and engineering services.Since RPSV's career flourished,her total gross receipts amounted to 4,250,000 for taxable year 2020.Her recorded cost of service and operating expenses were 2,150,000 and 1,000,000 respectively.She opted to avail of the 40% OSD.What is the invome tax due of Ms. angel in the year 2020?
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT