How compute taxable income

Assignment Help Accounting Basics
Reference no: EM132593091

Question 1: Mrs. Sanchez Mira had a gross taxable compensation income of P400,000. She also earned an additional P2000 by investing her money in time deposits plus P3,000 interest income from lending money to a friend. Compute her taxable income.

Reference no: EM132593091

Questions Cloud

What will be the dollar balances in the Allowance : After the adjusting entry is made, what will be the dollar balances in the Allowance for Doubtful Accounts? Round to nearest whole dollar
Write down the condition under which the firm : Suppose that Apple is considering hiring a worker for two months and providing her with specific training in the first month.
What net income of the agency for the two months : What Net income of the agency for the two months ended August 31, 2020 is?On July 1, 2020, the AC Company established a sales agency in Quezon City
Discussed in the context of business ethics : The Ford Pinto example is a well-known case that is often discussed in the context of business ethics.
How compute taxable income : Additional P2000 by investing her money in time deposits plus P3,000 interest income from lending money to a friend. Compute her taxable income.
Perform a signing operation for the given problems : For this questions assume that we are using dsa with domain parameters: p = 7,877,914,592,603,328,881, q = 44449, g = 2,860,021,798,868,462,661.
What dollar amount should be credited to allowance : the Allowance for Uncollectible Accounts had a credit balance of 5,500. What dollar amount should be credited to Allowance for Uncollectible Accounts at year
Can a government achieve a low inflation rate : Question: Can a government achieve a low inflation rate and low unemployment?
Administrative law on public administration : Explain the relationship between, and impact of, Administrative Law on Public Administration - the text of this research paper must be 5-7 pages

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd