Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:Until the time of the
examination of its book, the
taxpayer failed to withhold
10% withholding tax
amounting to 10,000 from the
payments of professional fees
to vat-registered consultant.
What is the deductible amount
for professional services paid?
89,286
O 100,000
O 112,000
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