1. BATO Corp has the following data for the year ended December 31, 2021: PH USA Gross Income: P6,000,000.00 $50,000.00 Deductions: P4,000,000.00 $20,000.00 Dollar Rate P45:$1 Determine income tax due assuming the company is a domestic corporation with company assets amounting to more than P100M. Group of answer choices P837,500.00 P800,000.00 P492,500.00 P3,350,000.00
1. BATO Corp has the following data for the year ended December 31, 2021:
PH USA
Gross Income: P6,000,000.00 $50,000.00
Deductions: P4,000,000.00 $20,000.00
Dollar Rate P45:$1
Determine income tax due assuming the company is a domestic corporation with company assets amounting to more than P100M.
LENI Lugawan Corp has the following data for the year ended December 31, 2021:
PH USA
Gross Income: P6,000,000.00 $50,000.00
Deductions: P4,000,000.00 $20,000.00
Dollar Rate P45:$1
Determine income tax due assuming the company is a resident corporation.
YORMS Corp has the following data for the year ended December 31, 2021:
PH USA
Gross Income: P6,000,000.00 $50,000.00
Deductions: P4,000,000.00 $20,000.00
Dollar Rate P45:$1
Determine income tax due assuming the company is a nonresident corporation.
DICK Corp has the following data for the year ended December 31, 2021:
PH USA
Gross Income: P6,000,000.00 $50,000.00
Deductions: P4,000,000.00 $20,000.00
Dollar Rate P45:$1
Determine income tax due assuming the company is a GOCC.
Step by step
Solved in 2 steps
