NINE Company reported a pre-tax financial income of $8,584,950 for the year ended December 31, 2021. The following items were also noted: Insurance premium on life of an officer with NINE Company as the beneficiary Tax depreciation Financial depreciation Penalties due to late filing of income tax returns Dividend received Estimated litigation loss accrued for financial accounting purposes deductible when settled in the future Estimated doubtful accounts expense Estimated tax payments Income tax rate Cash received for rent of which P486,280 will be recognized as income by the company on the next year P 175,000 785,900 572,150 80,650 348,250 275,875 197,745 500,500 35% 589,125

4. Deductible education expenses include all of the following except: A. Tuition. B. Books. C. Travel. D. Room and board.

Which of the following are deducted from gross taxable income todetermine net taxable income? a - Severance payments b - Registered Retirement Savings Plan contributions  c - Health carepremiums d - Charitable donations

In T1 General Tax Form, Total Income is reported on Line??

Question 6: Which of the following is not a voluntary deduction from gross earnings? Answer: A. O Union dues B. O State disability insurance C. O Payroll deduction IRA D. Cafeteria plan

1.Explain the intake process to completing a tax return. using the form 13614-c, w2's, form 1099-R, Form SSA-1099, form 1099-c, Form W-2G, Form 1098-T Just explain for to process this thing all together.

Personal expenses are deductions:     a. for AGI     b. always deductible.     c. Deductions from AGI     d. non of the above.

Which of the following statements are correct? i. A VAT invoice should be pre-numbered and must show the: - Words “Tax Invoice” (shown prominently) ii. A VAT invoice should display the total amount of the consideration and the VAT. iii. A VAT invoice should display the name and address of the registered taxpayer to whom the taxable supply is made. iv. A VAT invoice should display the date of the taxable supply. a. All of the above b. i, ii and iv c. i only d. i, and iii

How to calcuate the taxes on the income statement under operating expense. Please provide an example. Using numbers from an income statement.

A22