Mendoza’s income was derived from commissions on the sale of houses…

Question Answered step-by-step Mendoza’s income was derived from commissions on the sale of houses… Mendoza’s income was derived from commissions on the sale of houses and lots. The taxes withheld by Ciara Land Inc. After deducting the 5%, Mr. Mendoza has a total tax due quarterly. Mr. Mendoza is a registered 8% taxpayer. He has chosen to register as an 8% taxpayer because his entire income from 2018 to 2020 will be less than P3 million. Mr. Angeles did not keep receipts for his operating expenses. He believed he did not need them because he paid a fixed 8% income tax. On December 20, 2021, he discovered his total income had surpassed P3 million.Questions:1. What would be the effect of his December commissions? Explain.2. Is this going to make his income vatable? Explain Law Social Science Tax law Share QuestionEmailCopy link Comments (0)