The following are your clients as a Consultant: Who among them is qualified to use 8% optional income tax? Choices a duly registered Barangay Micro Business Enterprise with gross sales of Php 3 Million a partner in ABC & Co., CPAS whose share in income of GPP amounted to Php 1 Million an architect who opted for method of deduction and whose gross receipts amounted to Php 23 Million a doctor operating his own clinic with gross receipts of Php 1 and at the same time an employee of ABC Hospital and Medical Center with a gross salary of Php 3M
The following are your clients as a Consultant: Who among them is qualified to use 8% optional income tax? Choices a duly registered Barangay Micro Business Enterprise with gross sales of Php 3 Million a partner in ABC & Co., CPAS whose share in income of GPP amounted to Php 1 Million an architect who opted for method of deduction and whose gross receipts amounted to Php 23 Million a doctor operating his own clinic with gross receipts of Php 1 and at the same time an employee of ABC Hospital and Medical Center with a gross salary of Php 3M
Chapter6: Deductions And Losses: In General
Section: Chapter Questions
Problem 30CE
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Question
Transcribed Image Text:The following are your clients as a Consultant: Who among them is qualified to use 8% optional income tax?
Choices
a duly registered Barangay Micro Business Enterprise with gross sales of Php 3 Million
a partner in ABC & Co., CPAS whose share in income of GPP amounted to Php 1 Million
an architect who opted for method of deduction and whose gross receipts amounted to Php 23 Million
a doctor operating his own clinic with gross receipts of Php 1 and at the same time an employee of ABC
Hospital and Medical Center with a gross salary of Php 3M
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