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Find what is the corporate income tax liability at december

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Reference no: EM132578917

Cleveland, Inc. pays its general manager an annual bonus of 6% of profit after deduction for both bonus and corporate income tax. For the year 2015, the company realized profit of P9, 000,000 before said deductions. The income tax rate is 30%.

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Question 1: What is the corporate income tax liability at December 31, 2015?

Reference no: EM132578917

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