CSA Corporation suffered the following net operating losses for the last 5 years: 2017 P100,000 2018 P50,000 2019 P150,000 2020 P500,000 2021 P350,000 If net taxable income before the NOLCO deduction is P1,300,000 during 2022, how much is the income tax of CSA Corporation using the 25% income tax rate? Group of answer choices P112,500.00 P37,500.00 P325,000.00 P75,000.00
CSA Corporation suffered the following net operating losses for the last 5 years: 2017 P100,000 2018 P50,000 2019 P150,000 2020 P500,000 2021 P350,000 If net taxable income before the NOLCO deduction is P1,300,000 during 2022, how much is the income tax of CSA Corporation using the 25% income tax rate? Group of answer choices P112,500.00 P37,500.00 P325,000.00 P75,000.00
Chapter11: The Corporate Income Tax
Section: Chapter Questions
Problem 5MCQ
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Question
CSA Corporation suffered the following net operating losses for the last 5 years:
2017 P100,000
2018 P50,000
2019 P150,000
2020 P500,000
2021 P350,000
If net taxable income before the NOLCO deduction is P1,300,000 during 2022, how much is the income tax of CSA Corporation using the 25% income tax rate?
Group of answer choices
P112,500.00
P37,500.00
P325,000.00
P75,000.00
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