Question 8 of 43 Fill in the blanks Imperial Inc., an entity organized under Philippine laws has the following cumulative data for the calendar year 2015, its first year of operation: Ist Qrt 2nd Qrt 3rd Ort 4th Ort Sales P260,000 P585,000 P975,000 P1,560,000 2,600 Dividend income from a Resident Corporation 5,200 7,800 10,400 65,000 Cost of sales 156,000 240,500 390,000 156.000 Business Expenses 338,000 533,000 949,000 Answer the following: 1. The normal income tax for the second quarter is 2. Taxable income tax at the end of the year is 3. Income tax due at the end of the year is
Question 8 of 43 Fill in the blanks Imperial Inc., an entity organized under Philippine laws has the following cumulative data for the calendar year 2015, its first year of operation: Ist Qrt 2nd Qrt 3rd Ort 4th Ort Sales P260,000 P585,000 P975,000 P1,560,000 2,600 Dividend income from a Resident Corporation 5,200 7,800 10,400 65,000 Cost of sales 156,000 240,500 390,000 156.000 Business Expenses 338,000 533,000 949,000 Answer the following: 1. The normal income tax for the second quarter is 2. Taxable income tax at the end of the year is 3. Income tax due at the end of the year is
Chapter3: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 29CE
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