explanation please. SureMed Medical Center is a non-profit hospital. In 2020, it reported the following grossincome and expenses:ACTIVITIESТOTALRELATEDUNRELATED8,560,000 P 16,060,0008,125,0001,450,000Gross IncomeP 7,500,000Directly traceable expensesCommon expenses for both activities4,375,0003,750,000Other income received during the year:P 14,300Interest on time deposit with BDO Quezon CityDividend income from PLDT Company1,350Compute for the taxable income and the tax due assuminga. the given factsb. SureMed Medical Center is a private hospitalc. Suremed Medical center is a government hospital

In case of , a. Given facts & b. Private hospital , Section 27(B) of the Tax Code, as amended,…

SureMed Medical Center is a non-profit hospital. In 2020, it reported the following gross income and expenses: АCTIVITIES ТOTAL RELATED UNRELATED Gross Income Directly traceable expenses Common expenses for both activities P7,500,000 4,375,000 8,560,000 P 16,060,000 3,750,000 8,125,000 1,450,000 Other income received during the year: P 14,300 Interest on time deposit with BDO Quezon City Dividend income from PLDT Company 1,350 Compute for the taxable income and the tax due assuming a. the given facts b. SureMed Medical Center is a private hospital c. Suremed Medical center is a government hospital

SureMed Medical Center is a non-profit hospital. In 2020, it reported the following gross income and expenses: АCTIVITIES ТOTAL RELATED UNRELATED Gross Income Directly traceable expenses Common expenses for both activities P7,500,000 4,375,000 8,560,000 P 16,060,000 3,750,000 8,125,000 1,450,000 Other income received during the year: P 14,300 Interest on time deposit with BDO Quezon City Dividend income from PLDT Company 1,350 Compute for the taxable income and the tax due assuming a. the given facts b. SureMed Medical Center is a private hospital c. Suremed Medical center is a government hospital

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter19: Deferred Compensation

Section: Chapter Questions

Problem 35P

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Question

explanation please.

SureMed Medical Center is a non-profit hospital. In 2020, it reported the following gross
income and expenses:
ACTIVITIES
ТOTAL
RELATED
UNRELATED
8,560,000 P 16,060,000
8,125,000
1,450,000
Gross Income
P 7,500,000
Directly traceable expenses
Common expenses for both activities
4,375,000
3,750,000
Other income received during the year:
P 14,300
Interest on time deposit with BDO Quezon City
Dividend income from PLDT Company
1,350
Compute for the taxable income and the tax due assuming
a. the given facts
b. SureMed Medical Center is a private hospital
c. Suremed Medical center is a government hospital

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