Marco is a medical doctor. Inday’s total gross receipts from year 2020 amounted to Php 4,250,000.00 while the cost of service and operating expenses were Php 1,150,000.00 and Php 500,000.00, respectively. He opted to avail of the 8% preferential taxation in her 1st Quarter ITR. What is Marco's correct income tax payable?
Marco is a medical doctor. Inday’s total gross receipts from year 2020 amounted to Php 4,250,000.00 while the cost of service and operating expenses were Php 1,150,000.00 and Php 500,000.00, respectively. He opted to avail of the 8% preferential taxation in her 1st Quarter ITR. What is Marco's correct income tax payable?
Chapter12: Alternative Minimum Tax
Section: Chapter Questions
Problem 27P: Arthur Wesson, an unmarried individual who is age 68, reports taxable income of 510,000 in 2019. He...
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35. Marco is a medical doctor. Inday’s total gross receipts from year 2020 amounted to Php 4,250,000.00 while the cost of service and operating expenses were Php 1,150,000.00 and Php 500,000.00, respectively. He opted to avail of the 8% preferential
What is Marco's correct income tax payable?
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