A taxpayer was 6 months and 12 days in filing his income tax return. If he has P40,000 net tax due, compute the penalties in the form of interest. What is the total surcharge penalty?
A. P0
B. P8,000
C. P10,000
D. P20,000
Answer: C. P10,000
A taxpayer was 6 months and 12 days in filing his income tax return. If he has P40,000 net tax due, compute the penalties in the form of interest. What is the total surcharge penalty?
A. P0
B. P8,000
C. P10,000
D. P20,000
Answer: C. P10,000