4G 46 10:13 O O 301:56:54 RemainingMultiple ChoiceA large domestic corporation hasa net income of P5,140,000 in thePhilippines and P3,950,000 fromabroad. Compute the income taxdue.P987,500P1,285,000P2,272,500P2,489,80046 of 60

Taxes are to be paid by the corporates based on the domestic and international income.

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ultiple Choice large domestic corporation has net income of P5,140,000 in the hilippines and P3,950,000 from

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

4G 46 10:13 O O 3
01:56:54 Remaining
Multiple Choice
A large domestic corporation has
a net income of P5,140,000 in the
Philippines and P3,950,000 from
abroad. Compute the income tax
due.
P987,500
P1,285,000
P2,272,500
P2,489,800
46 of 60

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