R Corporation, a real estate lessor, collected rental income… R Corporation, a real estate lessor, collected rental income amounting to P1,900,000, net of 5% expanded withholding tax. The total operating expenses of the business amounted to P2,350,000. The corporation has a capital gain amounting to P500,000, not subjected to final capital gains tax.How much is the amount of income tax due and tax refund to be reported in the 2021 ITR if the excess of MCIT over RCIT in the previous year amounted to P40,000?Business Accounting
You will get a plagiarism-free paper and you can get an originality report upon request.
All the personal information is confidential and we have 100% safe payment methods. We also guarantee good grades
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more