Pioneer College, a private educational institution, has presented the following data for the year: Gross Income, related activities Gross Income, unrelated activities (except rental income) Rental income (gross of 5% WT) Expenses, related activities Expenses, unrelated activities Dividend income from a domestic corporation Quarterly income tax paid for the first three quarters Compute the income tax payable. P5,000,000 5,000,000 2,000,000 2,000,000 3,000,000 100,000 500,000

Pioneer College, a private educational institution, has presented the following data for the year: Gross Income, related activities Gross Income, unrelated activities (except rental income) Rental income (gross of 5% WT) Expenses, related activities Expenses, unrelated activities Dividend income from a domestic corporation Quarterly income tax paid for the first three quarters Compute the income tax payable. P5,000,000 5,000,000 2,000,000 2,000,000 3,000,000 100,000 500,000

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter17: Corporations: Introduction And Operating Rules

Section: Chapter Questions

Problem 5BCRQ

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