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Philippines - P700,000 Foreign - 400,000 Expenses: Philippines - 380,000 Foreign - 220,000 %3D

Philippines - P700,000 Foreign - 400,000 Expenses: Philippines - 380,000 Foreign - 220,000 %3D

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Philippines - P700,000 Foreign - 400,000 Expenses: Philippines - 380,000 Foreign - 220,000 Compute for the income tax due assuming the individual tax payer is a Non- resident citizen/Resident alien/Non-resident alien engaged in trade/business. O P55,000 O P17,500 O P105,000 O Tax exempt O P14,000
Transcribed Image Text:Philippines - P700,000 Foreign - 400,000 Expenses: Philippines - 380,000 Foreign - 220,000 Compute for the income tax due assuming the individual tax payer is a Non- resident citizen/Resident alien/Non-resident alien engaged in trade/business. O P55,000 O P17,500 O P105,000 O Tax exempt O P14,000
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