Qalvin, a large non-profit non-stock school has a gross income of P4,000,000, only 40% of which was contributed by related activities and total expenses of P 3,000,000, 50% of which was incurred in connection with non-related activities. Compute the income tax due assuming Qalvin is a private school. Qalvin Corporation, a MSME, reported the following in 2023: in 2022: Philippines Abroad Total Gross income P500,000 P200,000 P500,000 Direct Deductions 200,000 300,000 500,000 Common Expenses 150,000 Compute the income tax due if Qalvin is a non-resident foreign corporation
Qalvin, a large non-profit non-stock school has a gross income of P4,000,000, only 40% of which was contributed by related activities and total expenses of P 3,000,000, 50% of which was incurred in connection with non-related activities.
Compute the income tax due assuming Qalvin is a private school.
Qalvin Corporation, a MSME, reported the following in 2023:
in 2022:
Philippines Abroad Total
Gross income P500,000 P200,000 P500,000
Direct Deductions 200,000 300,000 500,000
Common Expenses 150,000
Compute the income tax due if Qalvin is a non-resident foreign corporation
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