solved: Choose the correct answer and provide the solution. Use this table…


Choose the correct answer and provide the solution. Use this table…Choose the correct answer and provide the solution.Use this table for the next set of questions:Image transcription textIncome Tax Tables under TRAIN Law(Part 1 – Applicable from Year 2018 to2022) Source: BIR and w… Show more… Show more 21.-23. Given:Image transcription textCarding reported the following for thetaxable year 2021: Gross compensation,net of 50,000 mandatory … Show more… Show moreAssuming Carding uses OSD, how much is the net taxable income from profession?*2 pointsa. 460,000b. 540,000c. 600,000d. 610,000Assuming Carding uses the OSD, how much is the total income tax due on his income in 2021?*2 pointsa. 202,000b. 246,000c. 265,000d. 268,000Assuming that Carding opted at the beginning of the year to use the 8% commuted tax.  Compute the total income tax due on the income of Carding in 2021.*2 pointsa. 144,500b. 150,100c. 170,100d. 164,500 24. GivenHow much is the income tax due in 2019 and 2021, respectively?*2 pointsa. 0 – 0b. 150,000 – 25,000c. 100,000 – zerod. 100,000 – 5,000 LawSocial ScienceTax law TAX 5628

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