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What is the corporate income tax liability at December

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Question - Red Sox, Inc. pays its general manager an annual bonus of 6% of profit after deduction for both bonus and corporate income tax. For the year 2019, the company realized profit of P9,000,000 before said deductions. The income tax rate is 30%. What is the corporate income tax liability at December 31, 2019?

Reference no: EM133037990

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