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What income tax due of the corporation is

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Reference no: EM132744681

A Corporation engaged in business in the Philippines and abroad has the following data in 2020:

Gross income, Philippines P957,000

Expenses, Philippines 750,000

Gross income, USA 770,000

Expenses, USA 630,000

Interest on the bank deposit 25,000

Problem 1: Income tax due of the corporation is

Reference no: EM132744681

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