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What is the percentage tax

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Reference no: EM132652422

Question - In operator of car with chauffeurs for hire had the following financial results of operations during the month:

Total Collections P240,000

Less:

Fuel P100,000

Other car supplies 24,000

Driver's salaries 20,000 144,000

Net income 96,000

Required - What is the percentage Tax?

a. 2,880

b. 4,200

c. 4,320

d. 7,200

Reference no: EM132652422

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