question archive Viking Company reported in the income statement for the year ended December 31, 2018 pretax income of P1,000,000
Viking Company reported in the income statement for the year ended December 31, 2018 pretax income of P1,000,000
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Viking Company reported in the income statement for the year ended December 31, 2018 pretax income of P1,000,000.
Tax return Accounting record
Rent income 70,000 120,000
Depreciation 280,000 220,000
Premiums on officers’ life insurance 90,000
Income tax rate 30%
What is the total tax expense?
a. 300,000
b. 273,000
c. 267,000
d. 327,000
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