Mani Pakyaw failed to file and pay his income tax return for the year 2019 which should have been filed on or before April 15, 2020. The BIR sent him a notice to file his return and pay his tax on or before July 18, 2020. Mani Pakyaw filed a return showing a basic tax due of P1,000,000.   Compute the following:    Surcharge Interest Compromise

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A: Mr. B, a resident Filipino and married having 5 dependent children. For taxable year 2019, 1. Net…

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A: Income tax: Income tax refers to the direct tax levied on individual person or business and…

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Q: Disregarding interest, calculate the total penalty that John will be required to pay, assuming the…

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A:

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A: Workings: Jack filed his tax return 8 months and 27 days late Jack to Receive $ 9695 as refund in…

Q: Anna paid her income tax on June 20, 2019. She filed a claim for refund on May 2, 2020and received…

A: Anna paid her income tax on June 20, 2019 It means she filed her income tax = 20.06.2019 She also…

Q: omissions  and  Advise the of yhe consequences  of not amending the previous  years  return  Make…

A: Answer are as follows

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A: In the given question, Nelia was promoted in June 2018 and she has given a raise and thereby she…

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A: Surcharge- Surcharge refers to an addition of extra charge on the decided or identified price. In…

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A: Here discuss about the final withhold taxes which are incurred for the certain income payments which…

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A: Federal tax is paid by the individual to the government on the income earned. It is an income for…

Q: Harvey itemized deductions on his 2019 income tax return and was able to deduct all state and local…

A: Itemized deduction: It implies to an expense that is allowed to be subtracted from the taxpayer's…

Q: Charles and Joan Thompson file a joint return. In 2019 they had taxable income of $92,370 and paid…

A: All amounts are in dollar ($).

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A:

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A: Taxpayers are allowed for deductions of investment expenses and miscellaneous itemized deductions…

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A: Tax refund: It implies to a return of tax payment by the HMRC to the taxpayer who has paid in excess…

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A: The above questions answer shown in the following steps for your reference.

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A: Taxable Income:- It is the income on which one pays tax as per rate prescribed by the taxation…

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A: Income tax: Income tax refers to the direct tax levied on individual person or business and…

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A: Tax:- It is the amount which an individual pays on his or her taxable income as per the guideline…