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1. Tyra Banks, a banking institution, had the following transactions for the taxable month: Interest from loans, three years before maturity - P772,000 Interest from
1. Tyra Banks, a banking institution, had the following transactions for the taxable month: Interest from loans, three years before maturity - P772,000 Interest from loans, seven years before maturity - P270,000 Dividends and equity shares in net income of subsidiaries - P856,000 Royalties received - P517,000 Rental payments received - P838,000 Net trading gains - P407,000 Compute for the bank's gross receipts tax. 3. Air Germany, an international carrier, had the following gross receipts for the taxable month of September 2021: Advance payments on delivery of mail from the Philippines to Germany - P1,080,000 Delayed payments from the previous taxable quarter for delivery of cargoes from the Philippines to Japan - P6,940,000 Gross receipts from the sale of tickets to passengers heading to Japan originating from the Philippines - P8,430,000 During the taxable month, Shell Pilipinas, a domestic corporation engaged in the extraction, processing, and distribution of fuel, sold fuel to Air Germany, which Air Germany used exclusively in its international air transport operations. Compute for the common carrier's tax due. 2. Sabungan sa Garden, is operated by Alfred Hitchcock. During the first quarter of 2020, it had the following receipts: Entrance fees from audience - P5,150,000 Registration fees from cockfighters - P5,930,000 Receipts from restaurants owned by Hitchcock inside the cockpit - P3,580,000 Lease payments made by private concessionaires with places inside the cockpit - P4,270,000 Advertisement fees - P4,200,000 How much is the amusement tax due
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