12345 P 7 000 P 2 600 000 taxable Not taxable 12 800 9 500 1 400 000 Not taxable 1 450 000 Not taxable 13 000 13000 1919 500 Not taxable 2 600 000 Taxable blem 15 s Divina Valencia, a bold actress, had the following data for the quarter ending June 30, 201 ounts are exclusive of tax): Receipts from talent fees Gross receipts from taxicabs (4 units) Purchases of wardrobes used in films Purchases of spare parts of taxicabs Public relation services for image build-up as an actress Insurance premiums for taxicabs Rent of office space used both for her occupation and taxicabs business, subject to VAT 21. The VAT payable by Miss Valencia is- A. P 37 800 B. P (41 520) C. P 53 800 D. P 18 480 P 1 000 000 500 000 200 000 100 000 85 000 61 000 400 000 blem 16 yal is a Vat-registered taxpayer. The following data from the books of accounts were sactions for each of the months of January, February and March (first quarter) of 2012: dits to sales account its to purchases account on January P 440 000 February P 550 000 March P 770 000 al purchases of goods from: AT-registered persons on-VAT registered persons 110 000 20 000 660 000 330 000 30 000 15 000 portation of goods, landed cost 50 000 22. The value-added tax payable at the end of January is: A. P 33 000 B. P 39 600 C. P 30 000 D. P 52 800 23. The value-added tax payable (refundable) at the end of February is: A. P (19 200) B. P 19 800 C. Due of 0 D. P 66 000 24. The output taxes on the return for the period ending March is: A. P 160 000 B. P 176 000 C. P 211 200 D. P 92 400 25. The value-added tax payable at the end of March 2012 is: A. P 13 800 B. P 33 600 blem 17 C. P 13 200 D. P 39 600 26. The following first quarter data pertain to a value-added taxpayer whose purchases were all from value-added taxpayers: Output taxes, January Input taxes, January Output taxes, February P 132 000 240 000 348 000 144 000 A. P 190 400 C. P 204 000 B. P 192 000 D. P 260 400 Input taxes. February