Regular Allowable Itemized Deductions PDF

Title Regular Allowable Itemized Deductions
Author Julia Mirhan
Course Income Taxation
Institution Ateneo de Davao University
Pages 3
File Size 593.2 KB
File Type PDF
Total Downloads 184
Total Views 438
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Summary

REGULAR ALLOWABLE ITEMIZED DEDUCTIONSHow is regular income tax on business or professional income computed?Using Itemized deductions Using OSDGross sale/receipts P xxxx Gross sale/receipts P xxxx Less: Cost of sales/service xxxx Less: 40% of gross xxxx Gross Income P xxxx Taxable net income P xxxx L...

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