1. A tax payer receives an assessment notice from the BIR informing him that his total deficiency tax is 25,000 that is due last April 15. Upon receiving the notice the tax payers immediately filed and pay his tax on August 15. How much would be the total amount due?
1. A tax payer receives an assessment notice from the BIR informing him that his total deficiency tax is 25,000 that is due last April 15. Upon receiving the notice the tax payers immediately filed and pay his tax on August 15. How much would be the total amount due?
Chapter18: Accounting Periods And Methods
Section: Chapter Questions
Problem 9DQ: LO.2 Osprey Corporation, an accrual basis taxpayer, had taxable income for 2019 and paid 40,000 on...
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Transcribed Image Text:1. A tax payer receives an assessment notice from the BIR informing him that his total deficiency tax is 25,000 that
is due last April 15. Upon receiving the notice the tax payers immediately filed and pay his tax on August 15.
How much would be the total amount due?
2. Income tax return for the calendar year 2019 was due for filing on April 15, 2021 but the tax payer voluntarily
filed his return without assessment notice from the BIR on June 30, 2021. The tax due per return amounts to
280,000. How much would be the total amount due?
3. The taxpayer's 2020 income tax return is to be filed through authorized agent bank under the jurisdiction of
RDO East Manila. Without prior authorization from the BIR, the taxpayer filed his tax return and paid the tax
through the authorized agent bank under the jurisdiction of RDO Laoag City? The tax due per return is 100,000.
How much would be the total amount due?
4. In connection with problem number 3, the taxpayer also filed his return 3 months after the due date due to the
reason that he went to other country for a business meeting. But he knew that his tax will be due but still
neglect to file and pay the return on a required date. How much would be the total amount due?
5. Taxpayer receives an assessment notice from the BIR informing him that his total tax audit is 125,000. It is
understated by 25,000 for he only paid 100,000. The notice is made 2 months after the due date (April 15).
When the taxpayer received the notice on August 15, without reason, he still did not file and pay his tax. He only
filed and pay his tax 6 months after he received the notice. How much would be the total amount due?
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