User Account

All Pages

What kind of business tax it shall obliged to pay

Assignment Help Managerial Accounting
Reference no: EM133183857

Question - Taxpayer is a corporation with duly notarized Articles of Incorporation on May 2, 2022 and entered in the registration base of Securities and Exchange Commission on May 5, 2022 without TIN due to intermittent slowdown of BIR online connection. There are 151 employees and 36 stockholders involved. The corporation is engaged in the production of raw materials for plastic toys making and other educational plastic materials to be supplied to manufacturing company and is expected to sell volumes in tons in a year which could yield an earnings of more than hundred million pesos.

Required -

a. What registration requirements shall be needed by the subject taxpayer?

b. What kind of business tax it shall obliged to pay?

c. When shall the taxpayer start to comply?

d. Explain a, b, and c.

Reference no: EM133183857

Questions Cloud

Discuss about the sources of oppo company : 1) Explain and discuss about the sources of OPPO company innovation using this sources:
Identify at least one important piece of information : Identify at least one important piece of information found in the footnotes of a company's financial statements and explain why that information would likely be
Compute the equivalent annual cost : Compute the equivalent annual cost (EAC) for both machines and justify which machine should be chosen by Damai Laut Industries
What is the product selling price : The cost of producing 1000 handbags is follows: Management desires a profit of 20% of invested capital of $260,000. What is the product selling price
What kind of business tax it shall obliged to pay : Taxpayer is a corporation with duly notarized Articles of Incorporation on May 2, 2022. What kind of business tax it shall obliged to pay
What penalty he incur if he failed to take distribution : William Hooper is 75 and has an IRA with a fair market value of $238,650. What penalty would he incur if he failed to take the distribution
Determine the total payroll tax expense : The following totals for the month of April were taken from the payroll register of Waterway Company. Determine the total Payroll Tax Expense
How can sender receive feedback from receiver : Choose an advertisement online or in a magazine. How can the sender receive feedback from the receiver?
Perpetuate the hoarding of resources : "Taxing companies that pay their CEOs more than 50 times what the average worker is paid is a minor deterrent that should be leveraged. Sending the money to the

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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