DICK Corp has the following data for the year ended December 31, 2021: PH USA Gross Income: P6,000,000.00 $50,000.00 Deductions: P4,000,000.00 $20,000.00 Dollar Rate P45:$1 Determine income tax due assuming the company is a GOCC. Group of answer choices P837,500.00 P1,500,000.00 P900,000.00 P500,000.00
DICK Corp has the following data for the year ended December 31, 2021: PH USA Gross Income: P6,000,000.00 $50,000.00 Deductions: P4,000,000.00 $20,000.00 Dollar Rate P45:$1 Determine income tax due assuming the company is a GOCC. Group of answer choices P837,500.00 P1,500,000.00 P900,000.00 P500,000.00
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter14: Long-term Liabilities: Bonds And Notes
Section: Chapter Questions
Problem 1PEA
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DICK Corp has the following data for the year ended December 31, 2021:
PH USA
Gross Income: P6,000,000.00 $50,000.00
Deductions: P4,000,000.00 $20,000.00
Dollar Rate P45:$1
Determine income tax due assuming the company is a GOCC.
Group of answer choices
P837,500.00
P1,500,000.00
P900,000.00
P500,000.00
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