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How much is the income tax due

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Question - Jackie is a non-VAT self-employed individual. His forecast for 2022 shows non-operating income of P50,000 and allowable deductions of P1,250,000. In the default option for the income tax regime, his income tax due would be P385,000. How much is the income tax due assuming the use of the 8% optional tax?

Reference no: EM133145225

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