Before starting to render his service, Paolo collected an advance payment of P2,000 for the acceptance of the job contract. When the required service from Paolo was completed, Paolo received P8,000 cash service fee after deducting the P2,000 advance payment, plus an office machine with cash price value of P3,000 and P2,500 cost to the seller. The gross service income of Paolo is

Before starting to render his service, Paolo collected an advance payment of P2,000 for the acceptance of the job contract. When the required service from Paolo was completed, Paolo received P8,000 cash service fee after deducting the P2,000 advance payment, plus an office machine with cash price value of P3,000 and P2,500 cost to the seller. The gross service income of Paolo is

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter11: Individuals As Employees And Proprietors

Section: Chapter Questions

Problem 31P

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Similar questions

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