Reference no: EM132788031
ERLDYOSA Corporation has the following income and expenses for the year 2019:
Gross Income, Philippines P 1,600,000
Gross Income, USA 400,000
Business Expenses, Philippines 500,000
Business Expenses, USA 200,000
Unallocated Business Expenses 150,000
Interest Expense, Philippines 100,000
Interest Expense, USA 50,000
Unallocated Interest Expenses 80,000
Requirements:
Problem 1: Assuming it is a domestic corporation, how much is the income tax due?