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  • Gross Receipts Less: OSD (X Taxable Income Tax Due Basic Excess (2,550,000 - 2,000,000 Total Tax Due

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    Marie Carrera
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    This document contains information about tax calculations for multiple businesses. It includes gross receipts, deductions, taxable income, and tax due calculations applying different tax rates. The businesses include a convenience store, bookkeeping services, and an unnamed business. Standard deductions and tax rates ranging from 8% to 40% are applied to determine taxable income and total tax due amounts.

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    local_media7016846654073894657.xlsx

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    This document contains information about tax calculations for multiple businesses. It includes gross receipts, deductions, taxable income, and tax due calculations applying different tax rates. The businesses include a convenience store, bookkeeping services, and an unnamed business. Standard deductions and tax rates ranging from 8% to 40% are applied to determine taxable income and total tax due amounts.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    17 views10 pages

    Gross Receipts Less: OSD (X Taxable Income Tax Due Basic Excess (2,550,000 - 2,000,000 Total Tax Due

    Uploaded by

    Marie Carrera
    This document contains information about tax calculations for multiple businesses. It includes gross receipts, deductions, taxable income, and tax due calculations applying different tax rates. The businesses include a convenience store, bookkeeping services, and an unnamed business. Standard deductions and tax rates ranging from 8% to 40% are applied to determine taxable income and total tax due amounts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 10

    Gross Receipts

    Less : OSD ( 4,250,000 X


    Taxable Income
    Tax Due
    Basic
    Excess ( 2,550,000 - 2,000,000
    Total Tax Due
    4,250,000
    40% ) 1,700,000
    2,550,000

    490,000
    2,000,000 ) x 32% 176,000
    666,000
    Gross Sales - Convenience Store
    Gross Receipts - Bookkeeping
    Total
    Less : OSD ( 2,200,000 X
    Taxable Income
    Tax Due
    Basic
    Excess ( 1,320,000 - 800,000
    Total Tax Due
    1,800,000
    400,000
    2,200,000
    40% ) 880,000
    1,320,000

    130,000
    800,000 ) x 30% 156,000
    286,000
    Gross Sales - Convenience Store
    Gross Receipts - Bookkeeping
    Total
    Less : Allowable Deductions
    Taxable Income
    Tax Due
    Taxable Income
    Multiply by Rate
    Total Tax Due
    1,800,000
    400,000
    2,200,000
    250,000
    1,950,000

    1,950,000
    8%
    156,000
    Gross Sales
    Less : Cost of Sales
    Gross Income or Gross Profit
    Less : OSD ( 2,000,000 X
    Taxable Income
    Tax Due
    Taxable Income
    Multipy by the rate
    Total Tax Due
    6,000,000
    4,000,000
    2,000,000
    40% ) 800,000
    1,200,000

    1,200,000
    30%
    360,000

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