Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Mr. King signified his intention to be taxed at 8% income tax rate on gross sales in his 1st quarter income tax return. However, his gross sales during the taxable year has exceeded the VAT threshold. His quarterly records (not cumulative) for the year 2019 are as follows:
Q1
Q2
Q3
Q4
Sales
P500,000
P1,000,000
P1,500,000
P4,000,000
Cost of sales
300,000
500,000
700,000
1,500,000
Operating Expenses
100,000
200,000
250,000
Required -
1) How much is the income tax due for the first quarter of 2019?
2) How much is the income tax due for the second quarter of 2019?
3) How much is the income tax payable for the second quarter of 2019?
4) How much is the income tax due for the third quarter of 2019?
5) How much is the income tax payable for the third quarter of 2019?
6) How much is the income tax due for the fourth quarter of 2019?
7) How much is the income tax payable for the fourth quarter of 2019?
Calculating Cost of Equity The Dybvig Corporation's common stock has a beta of .85. If the risk-free rate is 5.2 percent and the expected return on the market is 12 percent, what is Dybvig's cost of equity capital?
Calculate the budgeted volume amount (in screen square inches) allington screen plant used in computing the plant wide overhead rate for the year
a down payment of 34000 in cash was made on additional computer equipment that was purchased for 170000. a five year
At the end of the month, the physical count of inventory shows $520,000 on hand. How much shrinkage occurred during the month
A city's Parks Department has these two General Fund appropriations: Parks Department salaries and Parks Department other than salaries.
Suppose that, instead of the number you calculated in number 1, Chevron received $3,000 million in dividends from its affiliated companies in 2011.
as a preferred stockholder you are entitled to numerous preferences and privileges over common stockholders. if you are
Refinancing of Short-Term Debt On December 31, 2010, Alexander Company had $1,200,000 of short-term debt in the form of notes payable due February 2, 2011.
Would outsourcing the payroll function increase or decrease Duck Associates' operating income? how should each of the factors affect Tan's decision if she wants to do what is best for Duck Associates and act ethically?
Identify the features common to the gift tax formula and the estate tax formula. What is the lifetime gift tax exemption in tax year 2012? What is that exemption amount in 2013?
Calculate the interval estimate of return for the company at a 95% confidence level. You need to run "descriptive statistics" of column C.
Is there a difference in approach to valuation by US GAAP and IFRS? Discuss and note two or three specific differences.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd