During the year 2021, Johnny is having a hard time fin decided to set up a small business in order to get by ev whole year, his small business realized total sales of P

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter5: Introduction To Business Expenses
Section: Chapter Questions
Problem 51P
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How much is the business tax payable?

During the year 2021, Johnny is having a hard time finding work. So he
decided to set up a small business in order to get by every day. For the
whole year, his small business realized total sales of P95,000.
How much is the business tax payable?
Transcribed Image Text:During the year 2021, Johnny is having a hard time finding work. So he decided to set up a small business in order to get by every day. For the whole year, his small business realized total sales of P95,000. How much is the business tax payable?
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