2. A corporation's record show: Normal Income Tax per Quarter Taxes Withheld per Excess MCIT Prior Year Excess Withholding Quarter Tax Prior Year MCIT per Quarter P 110,000 285,000 Quarter P 25,000 st P 140,000 P 25,000 P 15,000 cond 190,000 35,000 ird 280,000 130,000 40,000 30,000 urth 260,000 155,000 1. The income tax due and due income tax payable, respectively, for the first quarter are 2. The income tax due and income tax payable, respectively, for the second quarter are 3. The income tax due and income tax payable, respectively, for the third quarter are The income tax due and income tax payable respectively for the year gre

2. A corporation's record show: Normal Income Tax per Quarter Taxes Withheld per Excess MCIT Prior Year Excess Withholding Quarter Tax Prior Year MCIT per Quarter P 110,000 285,000 Quarter P 25,000 st P 140,000 P 25,000 P 15,000 cond 190,000 35,000 ird 280,000 130,000 40,000 30,000 urth 260,000 155,000 1. The income tax due and due income tax payable, respectively, for the first quarter are 2. The income tax due and income tax payable, respectively, for the second quarter are 3. The income tax due and income tax payable, respectively, for the third quarter are The income tax due and income tax payable respectively for the year gre

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter5: Business Deductions

Section: Chapter Questions

Problem 2BCRQ

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