WebContents. Part 1: Introduction and Basic Tax Model. Chapter 1: an Introduction to Taxation and Understanding the Federal Tax Law. The Big Picture: Family and Taxes-A Typical Year. 1-1: Approaching the Study of Taxation. 1-2: A Brief History of U.s. Taxation. 1 … WebIncome Tax Payable = P212,000computed as follows: Compensation income P1,400,000 Gross sales 2,800,000 Cost of sales (1,200,000) Operating expenses (650,000) Taxable net income P2,350,000 Tax Due: 1stP2,000,000 P490,000 Excess over P2M = (P350,000 x 32%) 112,000 Tax Due P602,000 Less: CWT On compensation income (310,000) On business …
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Web3. Income tax payable of Floyd P4.2 1. Income tax payable of the estate ESTATE Rental income of t he estate P1,000, 000 Deductible operat ing expenses (500 ,000) Income distr ibuted to Louie (50,000) Income distr ibuted to Floyd (50,000) Taxable income 400,000 Train law Less: 250,000 Remaining 150,000 Multiply by: 20% Income tax payable P30 ,000 Webchapter 3: introduction to income taxation EXERCISE DRILL NO. 1: Return of capital and Return on capital Consideration For the loss of Return OF Capital Return ON Capital P … dance in the vampire bund manga download
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