taxable income
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
LAB is a taxpayer, proprietary educational instituition in the Philippines, taxable period is 2021
Related activities | Unrelated activities | |
gross income | php 35,000,000 | php 5,000,000 |
expenses | 10,000,000 | 1,000,000 |
net | 25,000,000 | 4,000,000 |
Compute for the taxable income
- Zero
- P4,000,000
- P5,000,000
- P29,000,000
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