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How much is graham income tax due for the year

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Problem 1: Graham operates a 24/7 convenience store. On the side, he also offers accounting services to his clients. In 2021, his gross sales amounted to P800,000. Graham also earned P300,000 from his accounting services of P300,000.00. He already signified his intention to be taxed at 8% income tax rate in her 1st quarter return. How much is Graham' income tax due for the year?

Reference no: EM132887269

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