what is the income tax due if Sandbox is a private proprietary educational institution? P7,000 P3,500 P70,000 P35,000 Philippines AbroadP400,000200,000P 200,000TotalP700,000350,000P350,000Gross incomeP300,000150,000P150,000DeductionsTaxable income

Income Tax: - Income Tax is the tax charged by the government on the income earned by a Company or…

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what is the income tax due if Sandbox is a private proprietary educational institution? P7,000 P3,500 P70,000 P35,000

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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what is the income tax due if Sandbox is a private proprietary educational institution?

P7,000

P3,500

P70,000

P35,000

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