Using the same data in the previous question, what is the income tax due if Sandbox is a resident foreign corporation? P50,000 P40,000 P87,500 P70,000 Philippines AbroadP400,000200,000P 200,000TotalP700,000350,000P350,000Gross incomeP300,000150,000P150,000DeductionsTaxable income

Resident foreign corporations (i.e. foreign corporations engaged in trade or business in the…

Answered: Using the same data in the previous…

Using the same data in the previous question, what is the income tax due if Sandbox is a resident foreign corporation? P50,000 P40,000 P87,500 P70,000

FINANCIAL ACCOUNTING

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Using the same data in the previous question, what is the income tax due if Sandbox is a resident foreign corporation?

P50,000

P40,000

P87,500

P70,000

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