Solution-How much donor tax should be paid on January

How much donor tax should be paid on January

Assignment Help Accounting Basics

Reference no: EM133091384

Question - Donations were made on January 30, 2018 of P500,000.00, March 30, 2018 of P2,000,000.00 and August 15, 2018 of P1,500,000.00.

How much donor's tax should be paid on January 30, 2018?

a. P15,000

b. P30,000

c. P45,000

d. 0

How much is the total donor's tax should be paid on March 30, 2018?

a. P60,000

b. P90,000

c. P120,000

d. P135,000

How much donor's tax should be paid on August 16, 2018?

a. P90,000

b. P120,000

c. 225,000

d. P250,000

Reference no: EM133091384

Questions Cloud

Determine the interest expense : Baskin Corporation issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2018. Determine the interest expense

Define contracts and importance of contracts : Define contracts and the importance of contracts. Discuss the details of the contract, in full.

Enjoy working or try to exceed productivity : Do you think that if there is no motivation to meet the goals, employees will not enjoy working or try to exceed productivity?

Calculate Culver return on investment : Culver Design Works generated $458,430 in operating income on sales revenue of $3,056,200. Calculate Culver return on investment

How much donor tax should be paid on January : Donations were made on January 30, 2018 of P500,000.00, March 30, 2018 of P2,000,000.00. How much donor's tax should be paid on January

Improve the transfer of training : Describe some steps that management can take before, during, and after training to improve the transfer of training. List at least five (5) barriers to the tran

Synthesis matrix and paraphrasing assignment : Synthesis Matrix and Paraphrasing - Write down the matching item for the Reference list - Creating a synthesis matrix will help you record the main points

Briefly explain what the level term assurance : (a) Briefly explain what the "level term assurance", "decreasing term assurance" and "family income benefit" are. (c) Discuss the illegal aspects of insurance

Laws and regulations in health insurance and managed care : What does this topic entails that is most interesting and helpful? Did anything surprised you about the topic? How will that knowledge help you professionally o

User Account

All Pages

How much donor tax should be paid on January

Reference no: EM133091384

Reference no: EM133091384

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT