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How much money was he able to withdraw

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Problem 1) A particular corporation suffered a net loss of PhP684,852 for the year of 2019. How much income tax should the company pay?

Problem 2) Mark deposited PhP146,150 at the beginning of the year in a peso savings fund paying 12.8% per annum compounded monthly. If he decided to pull out his entire savings after 7 months, how much money was he able to withdraw (net of withholding tax)?

Reference no: EM132640863

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