Mr. Fara, a representative of a domestic firm, disclosed the following information for 2019: The total revenue from the business is P 800,000. The maximum amount of business costs that can be deducted is P 600,000. (excluding contributions) Contributions to charity: P50,000 to the government for key activities P 60,000 to the government for public use (non-priority). 15,000 pesos to the church What is the net income that is
Mr. Fara, a representative of a domestic firm, disclosed the following information for 2019: The total revenue from the business is P 800,000. The maximum amount of business costs that can be deducted is P 600,000. (excluding contributions) Contributions to charity: P50,000 to the government for key activities P 60,000 to the government for public use (non-priority). 15,000 pesos to the church What is the net income that is
Chapter3: Income Sources
Section: Chapter Questions
Problem 77P: During the last five months of the year, Dwana opens a new Internet telecommunications business...
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Mr. Fara, a representative of a domestic firm, disclosed the following information for 2019:
The total revenue from the business is P 800,000.
The maximum amount of business costs that can be deducted is P 600,000. (excluding contributions)
Contributions to charity:
P50,000 to the government for key activities
P 60,000 to the government for public use (non-priority).
15,000 pesos to the church
What is the net income that is taxable?
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ISBN:
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Author:
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Publisher:
CENGAGE LEARNING - CONSIGNMENT