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Problem 1: Mr. and Mrs. Reyes are both lawyers and have 2 dependent children. Mr. Reyes has a monthly basic salary of Php. 50,000 while Mrs. Reyes has Php 55,000 monthly pay. Both receive quarterly travel allowances of Php. 25,000 and a monthly rice allowance of Php. 7,000. Mr. Reyes received an honorarium of Php. 30,000 as a resource speaker and a Php. 18,000 commission. Mrs. Reyes, on the other hand, received a Php. 46,500 commission from a lawsuit. The couple both have a Php. 90,000 withholding tax. Compute for the couple's annual income tax based on the information stated
q. a company issues 20000000 7.8 20-year bonds to yield 8 on january 1 2007. interest is paid on june 30 and december
Dawls company reported stockholder's equity on Dec 31 of the prior year as follows: common stock $5 par value, 1000000, shares authorized, 500000 shares issued $2500000
the following situations involve the application of the time value of money concept 1. jan cain deposited 19500 in the
on an involuntary conversion in which the taxpayer does not buy replacement property within the replacement period the gain on the involuntary conversion and any tax due must be reported.
The pump's end of year salvage values over the next 5 years are $42K, $40K, $38K, $32K, and $26K. Determine the pump's economic life
If you are planning on buying 1,000 shares of this stock next year, how much should you expect to pay per share if the market rate of return for this type of security is 9 percent at the time of your purchase?
Prepare a schedule of cost of goods sold.
A bank service charge of $15. Prepare the adjusted bank balance section and the adjusted book balance section of the bank reconciliation statement
The income statement of Wilcox, Inc. includes the items. Determine the Cost of goods available for sale and Cost of goods sold and Ending inventory.
How much may each contribute to a traditional IRA account and deduct from taxable income
In what ways are the dynamics of the games similar? In what ways are they different?
Assume that the overhead costs above consist of utilities, supervisory salaries, and maintenance. Estimate the maintenance cost for June
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