Ms. Anna Frozen operates an ice cream store while she offers bookkeeping services to her clients. In 2018,her gross sales amounted to P400,000, in addition to her receipts from bookkeeping services of P150,000. She already signified her intention to be taxed at 8% income tax rate in her 1st quarter return. What is her tax due liability in her 1st quarter return?
Ms. Anna Frozen operates an ice cream store while she offers bookkeeping services to her clients. In 2018,her gross sales amounted to P400,000, in addition to her receipts from bookkeeping services of P150,000. She already signified her intention to be taxed at 8% income tax rate in her 1st quarter return. What is her tax due liability in her 1st quarter return?
Chapter5: Deductions For And From Agi
Section: Chapter Questions
Problem 20P
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Ms. Anna Frozen operates an ice cream store while she offers bookkeeping services to
her clients. In 2018,her gross sales amounted to P400,000, in addition to her receipts
from bookkeeping services of P150,000. She already signified her intention to be taxed
at 8% income tax rate in her 1st quarter return. What is her tax due liability in her 1st
quarter return?
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