M-a-k-e- -a- -u-n-d-e-r-s-t-a-n-d-i-n-g-
M-a-k-e- -a- -u-n-d-e-r-s-t-a-n-d-i-n-g- -o-f- -a-l-l- -t-h-e- -t-o-p-i-c- -m-e-n-t-i-o-n-s- -b-e-l-o-w-,- -i-t- -s-h-o-u-l-d- -b-e- -u-p-d-a-t-e-d- -w-i-t-h- -T-R-A-I-N- -L-A-W- -A-N-D- -C-R-E-A-T-E- -L-A-W- -a-m-e-n-d-e-d-.- -N-o-t-e-:- -t--h-i-s- -i-s- -b-a-s-e- -o-n- -P-h-i-l-i-p-p-i-n-e- -I-n-c-o-m-e- -T-a-x-a-t-i-o-n-
I-N-C-O-M-E- -T-A-X- -O-F- -C-O-R-P-O-R-A-T-I-O-N-S:
C-o-n-c-e-p-t- -o-f- -C-o-r-p-o-r-a-t-i-o-n-s-
C-l-a-s-s-i-f-i-c-a-t-i-o-n- -o-f- -C-o-r-p-o-r-a-t-e- -T-a-x-p-a-y-e-r-s-
- D-o-m-e-s-t-i-c- -c-o-r-p-o-r-a-t-i-o-n-
- F-o-r-e-i-g-n- -c-o-r-p-o-r-a-t-i-o-n-s-
T-a-x---E-x-e-m-p-t- -C-o-r-p-o-r-a-t-i-o-n-s
I-n-c-o-m-e- -T-a-x-e-s- -o-f- -C-o-r-p-o-r-a-t-i-o-n-s-
T-h-e- -N-o-r-m-a-l- -C-o-r-p-o-r-a-t-e- -I-n-c-o-m-e- -T-a-x-
M-i-n-i-m-u-m- -C-o-r-p-o-r-a-t-e- -I-n-c-o-m-e- -T-a-x- -(-M-C-I-T-)-
C-a-p-i-t-a-l- -G-a-i-n-s- -T-a-x-
P-a-s-s-i-v-e- -I-n-c-o-m-e- -T-a-x-
S-p-e-c-i-a-l- -C-o-r-p-o-r-a-t-i-o-n-s-
Step by step
Solved in 4 steps
