22. A domestic corporationhas a net income ofP1,200,000 in the Philippinesand P800,000 from abroad.Compute the income tax due 23. Assuming the corporationin question number 22 isforeign corporation. What willbe the income tax due *О а. Р 600,000O b. P 650,000О с. Рз60,000O d. P300,000

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Answered: 22. A domestic corporation has a net…

22. A domestic corporation has a net income of P1,200,000 in the Philippines and P800,000 from abroad. Compute the income tax due *

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter25: Taxation Of International Transactions

Section: Chapter Questions

Problem 15CE

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22. A domestic corporation
has a net income of
P1,200,000 in the Philippines
and P800,000 from abroad.
Compute the income tax due

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