Qalvin Corporation, a large corporation, reported the following in 2023: in 2022: Related Unrelated Total Gross income P300,000 P200,000 P500,000 Deductions 100,000 100,000 200,000 Taxable income P200,000 P100,000 P300,000 Compute the income tax due if Qalvin is exempt non-profit corporation
Qalvin Corporation, a large corporation, reported the following in 2023:
in 2022:
Related Unrelated Total
Gross income P300,000 P200,000 P500,000
Deductions 100,000 100,000 200,000
Taxable income P200,000 P100,000 P300,000
Compute the income tax due if Qalvin is exempt non-profit corporation
Qalvin Corporation, a MSME, reported the following in 2023:
in 2022:
Philippines Abroad Total
Gross income P500,000 P200,000 P700,000
Direct Deductions 200,000 300,000 500,000
Common Expenses 150,000
Compute the income tax due if Qalvin is a resident foreign corporation
Step by step
Solved in 2 steps
