Amount in excess of P490,000.00 taxable income is to be multiplied to_______to compute for the graduated tax due a. 30% b. 32% c. 35%

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A: Present value is the concept that states an amount of money today is worth more than that same…

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A:

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A: in the essay test , test is taken from the candidate and candidate is given to write an essay on the…

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A: income tax charge on the individual or the corporation. there is rate fixed by the government for…

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A:

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A: The correct answer for the above mentioned question is given in the following steps for your…

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A: The answer is stated below:

Q: ind out the value of

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A:

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Deferred Tax

Deferred tax is an estimated future tax which is made while preparing accounts. It is estimated as a result of past and present transactions in the financial statements. It is not the actual tax which needs to be paid or refundable from the revenue authority, it is an accounting entry. It exists because of the difference between accounting profits and taxable profits.