In 2018, Malakas M. Henyo, the CEO of the Plippines Nuclear Fusion Corporation, earned compensation income of P4,000,500. Ts amount is

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of P300,000. It also had non-operating income of P700,000. What would be Malakas’s total income tax due if he did not avail of the 8% income tax rate on gross sales plus non-operating income arising from s business? Group of choices P696,969 P1,650,920 P1,549,360 P1,202,340

In 2018, Malakas M. Henyo, the CEO of the Plippines Nuclear Fusion Corporation, earned compensation income of P4,000,500.  Ts amount is inclusive of s 13 th month pay and other benefits of P250,000, but net of the mandatory contributed to SSS and Plhealth. Aside from s employment, he also owns a cafeteria.  In 2018, the cafeteria had gross sales of P1,500,000, cost of sales of P500,000 and operating expenses of P300,000.  It also had non-operating income of P700,000. What would be Malakas’s total income tax due if he did not avail of the 8% income tax rate on gross sales plus non-operating income arising from s business? Group of choices P696,969 P1,650,920 P1,549,360 P1,202,340

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