STAR Corporation, a domestic corporation, had the following data: YEAR GROSS INCOME DEDUCTIONS 2016 Php 1,000,000 Php 1,200,000 2017 2,000,000 1,900,000 2018 3,000,000 2,950,000 2019 1,000,000 1,100,000 2020 980,000 500,000 The taxable income in 2020 is:
STAR Corporation, a domestic corporation, had the following data: YEAR GROSS INCOME DEDUCTIONS 2016 Php 1,000,000 Php 1,200,000 2017 2,000,000 1,900,000 2018 3,000,000 2,950,000 2019 1,000,000 1,100,000 2020 980,000 500,000 The taxable income in 2020 is:
Chapter6: Accounting Periods And Other Taxes
Section: Chapter Questions
Problem 8MCQ
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STAR Corporation, a domestic corporation, had the following data:
|
YEAR |
GROSS INCOME |
DEDUCTIONS |
|
2016 |
Php 1,000,000 |
Php 1,200,000 |
|
2017 |
2,000,000 |
1,900,000 |
|
2018 |
3,000,000 |
2,950,000 |
|
2019 |
1,000,000 |
1,100,000 |
|
2020 |
980,000 |
500,000 |
The taxable income in 2020 is:
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