Activity 11-3. Income Tax Due (Individual)In 2021, Mr. Pacifico Mataktaksan has the following income information:Business Income:P522,000256,210123,425SalesCost of SalesItemized ExpensesCompute for the following:Gross Income using TRAIN LawTaxable Income using TRAIN LawIncome Tax Due using TRAIN LawWhat if Sales will be P1,200,200, compute theIncome tax due

TRAIN :- Tax reform and for Accelaration & Inclusion :-…

Answered: n 2021, Mr. P B

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

See similar textbooks

Similar questions

12-Under ERISA , if requested in writing , what information must the administrator of the pension fund supply to the participants ?
If the spouses got married on May 22, 2021, which is FALSE? A. The property regime is Absolute Community of Property if the spouses have no pre-nuptial agreement B. The property regime is absolute separation if the future spouses agree on it prior to marriage C. The spouses may apply the local customs in their locality as their property regime D. The property regime is Conjugal Partnership of Gains if the spouses agreed on the regime after marriage
103. The certificate of limited partnership shall state the following, except: O a. The right, if given, of the partners to admit additional limited partners. b. The right, if given, of a general partner to demand and receive property other than cash in return for his contribution. c. The right, if given, of one or more of the limited partners to priority over other O limited partners, as to contributions or as to compensation by way of income, and the nature of such priority. d. The right, if given, of the remaining general partner or partners to continue the O business on the death, retirement, civil interdiction, insanity or insolvency of a general partner.
Determine if this shall result in recognition of liabilities 5. signing of employment contract by a new employee a. yes b. no
am. 123.
employee’s employment as a result of either: I. An entity’s decision to terminate an employee’s employment before the normal retirement date. II. An employee’s decision to accept an offer of benefits in exchange for the termination of employment. III. An employee’s decision to terminate an employee’s employment before the normal retirement date. IV. An entity’s decision to accept an offer of benefits in exchange for the termination of employment. III and IV I and III II and IV I and II
5. A partner whose personal assets are less than his personal liabilities isa. deficientb. solventc. deficient but solventd. insolvent
D6
Exercise 18-19 (Algorithmic) (LO. 3) Elizabeth made taxable gifts of $6,900,000 in 2020 and $8,970,000 in 2022. She paid no gift tax on the 2020 transfer. On what amount is the Federal gift tax computed for the 2022 gift?
P 23 In 2022, Red Corp., a C corporation, donated shares of stock to a qualified charitable organization. The shares had a fair market value of $20,000 and an adjusted basis of $100,000. Before any charitable contribution deduction, Red Corp. will have a taxable income of $2,000,000 (no DRD and no loss carryovers) in 2022. What is the amount of Red Corp.'s 2022 charitable contribution deduction? What might Red Corp. want to consider instead of donating the shares of stock to charity?
question 38 choose the correct answer from the choices

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS