A taxpayer received a notice from the BIR to file his 2020 income tax return not later than January 15, 2022. The tax due per his return is P100,000. What is his total interest penalty? P6,500 P14,740 P7,900
A taxpayer received a notice from the BIR to file his 2020 income tax return not later than January 15, 2022. The tax due per his return is P100,000. What is his total interest penalty? P6,500 P14,740 P7,900
Chapter12: Tax Administration And Tax Planning
Section: Chapter Questions
Problem 7MCQ
Related questions
Question
A taxpayer received a notice from the BIR to file his 2020 income
tax return not later than January 15, 2022. The tax due per his return
is P100,000.
What is his total interest penalty?
P6,500
P14,740
P7,900
P15,068
ADD EXPLANATION THANKS
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT