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  • July Grosss Sales Expenses

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    Romel Remolacio Angngasing
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    In the third quarter, the company had gross sales of $21200, $19517, and $17895 in July, August, and September respectively, with total expenses of $7132, $5854.64, and $6668 for each month. The profits for the quarter were $4172 in July, $4496.85 in August, and $2185.15 in September, with a total taxable income for the quarter of $10854. With previous quarterly taxable income of $11441, the total taxable income to date was $22295 and taxes due were $1729.5, an increase of $1085.4 from the previous quarter.

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    In the third quarter, the company had gross sales of $21200, $19517, and $17895 in July, August, and September respectively, with total expenses of $7132, $5854.64, and $6668 for each month. The profits for the quarter were $4172 in July, $4496.85 in August, and $2185.15 in September, with a total taxable income for the quarter of $10854. With previous quarterly taxable income of $11441, the total taxable income to date was $22295 and taxes due were $1729.5, an increase of $1085.4 from the previous quarter.

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    0 views4 pages

    July Grosss Sales Expenses

    Uploaded by

    Romel Remolacio Angngasing
    In the third quarter, the company had gross sales of $21200, $19517, and $17895 in July, August, and September respectively, with total expenses of $7132, $5854.64, and $6668 for each month. The profits for the quarter were $4172 in July, $4496.85 in August, and $2185.15 in September, with a total taxable income for the quarter of $10854. With previous quarterly taxable income of $11441, the total taxable income to date was $22295 and taxes due were $1729.5, an increase of $1085.4 from the previous quarter.

    Copyright:

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    of 4

    3rd Quarter

    Computation
    July

    Grosss Sales
    Expenses
    sales
    electric bill internet bill bond paper
    ink refill maintenance
    21200
    7132
    4100
    220
    140
    2000
    0

    total

    7132
    Sales
    Expenses
    Profit

    August

    4100

    220

    140

    2000

    21200
    17028
    4172

    Grosss Sales
    Expenses
    sales
    electric bill internet bill bond paper
    ink refill maintenance
    19517
    5854.64
    4100
    110
    70
    1500

    total

    5854.64
    Sales
    Expenses
    Profit

    4100

    110

    70

    1500

    19517
    15020.15
    4496.85

    September Grosss Sales


    Expenses
    sales
    electric bill internet bill bond paper
    ink refill maintenance
    17895
    6668
    4100
    105
    0
    1500
    0
    total

    6668
    Sales

    4100
    17895

    105

    1500

    Expenses

    15709.85

    Profit

    3rd Quarter

    2185.15

    Profit
    July
    August
    September
    Total tax base for quarter

    4172
    4496.85
    2185.15
    10854

    taxable income for 3rd Q


    taxable income for prev 1 & 2 Q
    taxable income to date
    tax due
    tax due less tax due prev Q

    Gross
    expenses
    21200
    17028
    19517
    15020.15
    17895
    15709.85
    58612

    10854
    11441
    22295
    1729.5
    1085.4

    47758

    644.1

    salary

    salary

    bir tax
    2800

    636

    2800

    636

    bir tax
    2800
    585.51

    2800

    585.51

    2800

    bir tax
    536.85

    2800

    536.85

    salary

    32599.64 less cost of sale (elec, internet,bond p, ink)


    15158.36 less deduction (maintenabce, salary bir tax)
    47758 total expenses

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