Ms. Cumacaliua is concurrently employed at Cumanan Corporation an Paatras Company. She received the following during the month: Cumanan 50,000 P Paatras 40,000 Professional fees Less: Creditable withholding tax Loan repayment SSS, PhilHealth, HDMF Net pay 6,000 12,000 7,000 3.000 40.000 P P. 22,000 Compute the amount subject to business tax. ist
Ms. Cumacaliua is concurrently employed at Cumanan Corporation an Paatras Company. She received the following during the month: Cumanan 50,000 P Paatras 40,000 Professional fees Less: Creditable withholding tax Loan repayment SSS, PhilHealth, HDMF Net pay 6,000 12,000 7,000 3.000 40.000 P P. 22,000 Compute the amount subject to business tax. ist
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter3: Taxes On The Financial Statements
Section: Chapter Questions
Problem 26P
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Transcribed Image Text:Ms. Cumacaliua is concurrently employed at Cumanan Corporation and
Paatras Company. She received the following during the month:
Cumanan
50,000 P
Paatras
40,000
Professional fees
P
Less:
6,000
12,000
Creditable withholding tax
Loan repayment
SSS, PhilHealth, HDMF
Net pay
7,000
3.000
40.000 P
P.
22,000
ist
Compute the amount subject to business tax.
c. P 77,000
d. P 90,000
a.
PO
Her
b. P 62,000
combare tue smonur
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