Taxpayer for the Gross sales Cost of sales Sales discounts granted (for timely payments) Discounts granted to senior citizens and PWDs axable period: P3,200,0 1,900,0 100,0 80.0
Taxpayer for the Gross sales Cost of sales Sales discounts granted (for timely payments) Discounts granted to senior citizens and PWDs axable period: P3,200,0 1,900,0 100,0 80.0
Chapter6: Business Expenses
Section: Chapter Questions
Problem 51P
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Question
How much is the net taxable income using itemized deductions?
a. 1,070,000
b. 1,550,000
c. 1,550,000
d. 2,000,000
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