How much is the total amount due on june

Assignment Help Accounting Basics
Reference no: EM132949643

Questions -

Q1) Helen has been assessed deficiency income tax of P1,000,000, exclusive of interest and surcharge for the taxable year 2018. The tax liability has remained unpaid for 671 days or despite the lapse of February 14, 2021, the deadline for payment stated in the notice and demand issued by the Commissioner. The payment was made by the taxpayer after 501 days after the deadline or on June 30, 2022. How much is the total amount due on June 30, 2022?

Q2) In 2020, Missy earned P2,200,000 from the practice of her profession as a Certified Public Accountant. She, then, incurred P1,500,000 operating expenses during the taxable year. How much income tax due should she pay to the BIR in line with tax avoidance?

Reference no: EM132949643

Questions Cloud

Make the appropriate adjustments to the statement : Using the columns provided on the income statement and balance sheet for Big Blue Rental Corp., make the appropriate adjustments/corrections to the statements
What is the NPV of this investment : A company is considering an investment that will cost $844,000 and have a useful life of 7 years. What is the NPV of this investment
What is the value of the October finished goods inventory : They sold 11,000 units for $90 each during the month, and produced 8,800 units. What is the value of the October finished goods inventory
Compute the payback period on the oven and equipment : Compute the payback period on the oven and equipment. If Billy purchases any equipment with less than a 4-year payback, will he purchase this equipment
How much is the total amount due on june : The payment was made by the taxpayer after 501 days after the deadline or on June 30, 2022. How much is the total amount due on June 30, 2022
What is the adjusting entry needed on December : The loan to be repaid plus interest of 10% per year on Decemeber 31, 20X2. What is the adjusting entry needed on December 31, 20X2
What basis will ABC Corporation have in the assets : Assume that the subsidiary is solvent, what basis will ABC Corporation have in the assets acquired from CDE Corporation
Facilitate customer relationship management : How do information systems facilitate customer relationship management and Supply chain management?
Explain the trade ideologies : Comprehensively compare and contrast the trade ideologies/philosophies/theories/orientations of Russel Roberts and Pankaj Ghemawat.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd