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How do compute the total amount of taxes due

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Reference no: EM132717285

Problem 1: In reviewing its tax compliance, Rang-ay Banco noted that it failed to remit the P90,000 final taxes it withheld for the month of February 2017. Compute the total amount of taxes due including the penalties if Rang-ay Banco settles the obligation on March 20, 2017.

a. P 90, 000

b. P 112, 500

c. P 113, 000

d. P 128, 000

Reference no: EM132717285

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