The following are your clients as a Consultant: Who among them is qualified to use 8% optional income tax? an architect who opted for method of deduction and whose gross receipts amounted to Php 23 Million a duly registered Barangay Micro Business Enterprise with gross sales of Php 3 Million a doctor operating his own clinic with gross receipts of Php 1 and at the same time an employee of ABC Hospital and Medical Center with a gross salary of Php 3M a partner in ABC & Co., CPAs whose share in income of GPP amounted to Php 1 Million

The following are your clients as a Consultant: Who among them is qualified to use 8% optional income tax? an architect who opted for method of deduction and whose gross receipts amounted to Php 23 Million a duly registered Barangay Micro Business Enterprise with gross sales of Php 3 Million a doctor operating his own clinic with gross receipts of Php 1 and at the same time an employee of ABC Hospital and Medical Center with a gross salary of Php 3M a partner in ABC & Co., CPAs whose share in income of GPP amounted to Php 1 Million

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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