How much is the amount of percentage tax
Problem
JC, a non-VAT person, shows the following during the taxable year: Cost of Sales Php 1,330,000; Net Taxable Income 500,000. If the gross profit is 30% of sales, how much is the amount of percentage tax?
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Cost of Sales Php 1,330,000; Net Taxable Income 500,000. If the gross profit is 30% of sales, how much is the amount of percentage tax?
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