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Determine the income tax due

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Reference no: EM133123447

Question - Kagura is a resident citizen, earning purely business income for the taxable year:

Gross sales P2,800,000

Cost of sales 1,200,000

Operating expenses 650,000

The business is not vat-registered. Determine the income tax due assuming Kagura opted to be taxed using 8% preferential income tax.

Reference no: EM133123447

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