Bluedragon is engaged in the following business activities for the year 2021: buying and selling of computer of computer parts with gross sales of P1,500,000 and as a freelance graphic artist with gross receipts of P1,000,000. Assuming the taxpayer opted for the income tax of 8% for self-employed individuals, how much is the percentage tax? P 25,000 P 75,000 P 300,000 P 0

Bluedragon is engaged in the following business activities for the year 2021: buying and selling of computer of computer parts with gross sales of P1,500,000 and as a freelance graphic artist with gross receipts of P1,000,000. Assuming the taxpayer opted for the income tax of 8% for self-employed individuals, how much is the percentage tax? P 25,000 P 75,000 P 300,000 P 0

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter5: Gross Income: Exclusions

Section: Chapter Questions

Problem 13DQ

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