s of P150,000 November 2021. It: porate Tax Rate is 25%. If the co ecember 2021, what is the poss
s of P150,000 November 2021. It: porate Tax Rate is 25%. If the co ecember 2021, what is the poss
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 8MC: A company has wants to earn an income of $60,000 after-taxes. If the tax rate is 32%, what must be...
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A retailer has a gross sale of P1,400,000 with cost of sales of P560,000 and allowable deductions of P150,000 November 2021. Its total assets of P180,000 as of November 30, 2021. Corporate Tax Rate is 25%. If the company can realize 25% increase in its gross sales for December 2021, what is the possible tax implications?
![A retailer has a gross sales of P1,400,000 with cost of sales of P560,000 and allowable
deductions of P150,000 November 2021. Its total assets of P180,000 as of November 30,
2021. Corporate Tax Rate is 25%. If the company can realize 25% increase in its gross
sales for December 2021, what is the possible tax implications? Explain.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8bd99dda-dcc0-4b18-857d-4112041478a6%2Faf25f971-d81c-42c8-b773-d4e222f3bcf8%2F5o2r08p_processed.png&w=3840&q=75)
Transcribed Image Text:A retailer has a gross sales of P1,400,000 with cost of sales of P560,000 and allowable
deductions of P150,000 November 2021. Its total assets of P180,000 as of November 30,
2021. Corporate Tax Rate is 25%. If the company can realize 25% increase in its gross
sales for December 2021, what is the possible tax implications? Explain.
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