Answered: If Ana chose to be taxed at an 8…

If Ana chose to be taxed at an 8 percent rate, how much is her overall income tax? (based on the provided photo) P321,500 P342,500 P351,500 P358,000

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter6: Accounting Periods And Other Taxes

Section: Chapter Questions

Problem 9P: Refer to the previous problem 8. If Stan's parents elected to report Stan's income on his parents'...

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Question

If Ana chose to be taxed at an 8 percent rate, how much is her overall income tax? (based on the provided photo)

P321,500

P342,500

P351,500

P358,000

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Refer to the previous problem 8. If Stan's parents elected to report Stan's income on his parents' return, what would the tax on Stan's income be?