A taxpayer filed his income tax return on June 30, 2019. The deadline for the return was April 15, 2019. If he has P40,000 net tax due, how much was the surcharge paid? a. P20,000 b. P10,000 c. P8,000 d. P4,800 e. Answer not give
A taxpayer filed his income tax return on June 30, 2019. The deadline for the return was April 15, 2019. If he has P40,000 net tax due, how much was the surcharge paid? a. P20,000 b. P10,000 c. P8,000 d. P4,800 e. Answer not give
Chapter12: Tax Administration And Tax Planning
Section: Chapter Questions
Problem 7MCQ
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Question
A taxpayer filed his income tax return on June 30, 2019. The deadline for the return was April 15, 2019. If he has P40,000 net tax due, how much was the surcharge paid?
a. P20,000
b. P10,000
c. P8,000
d. P4,800
e. Answer not given
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