How much net amount will he receive

Assignment Help Accounting Basics
Reference no: EM132738885

Question - Carlo sold his house for PhP8,000,000. The real-estate agent got a 5% commission from the sales. From his commission, he has to pay BIR tax and other obligations required for the transfer of ownership of the property to the buyer. This expense represents 6% of his total commission. How much net amount will he receive?

Reference no: EM132738885

Questions Cloud

Facilitate interpersonal relational development : Choose two different mobile applications that facilitate interpersonal relational development.
Compute the daily beverage cost percent for sniffley : Compute the daily beverage cost percent for Sniffley's Restaurant. Transfer from kitchen to bar = $210. Transfer from bar to kitchen = $110
How much is his salary for the month : An additional 3% commission is for sales beyond PhP 50,000. If his sales is PhP 70,000 for the month, how much is his salary for the month
What is the dominant policing style of each country : What is the dominant policing style of each country? How do the police in each country deal with issues of human rights? Are there any protections in place for.
How much net amount will he receive : Question - Carlo sold his house for PhP8,000,000. The real-estate agent got a 5% commission from the sales. How much net amount will he receive
Prepare the income tax expense section of income statement : Find and Prepare the income tax expense section of the income statement for 2020, beginning with the line "Income before income taxes."
Politics and social media : The purpose of this assignment is to look at the ways in which politicians and political movements use social media and the effect it has on their cause.
Identify and describe the inherent risk : Identify and describe the inherent risk, control risk and fraud risk factors affecting NWL.
What factors influence an adolescent maturity : What factors influence an adolescent's maturity and ethical development? Explain and provide appropriate reasoning for your answer.

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