23. Isarog is a vat registered common carrier with passenger

buses and cargo trucks. For the month of June 2020, it had

the following data on revenues and receipts, taxes not

included:

For transporting passengers, gross revenues and

receipts of P330,000.

For transporting cargoes, gross revenues of P220,000,

of which P200,000 was received

For renting out to the MMDA its towing trucks, gross

receipts of P50,000, representing P10,000 from gross

revenue of the quarter ending March 31 and P40,000

for the month of June.

The percentage tax is

A. P1,500

B. P9,900

C. P15,900

D. P17,400

24. One of the following is subject to three percent (3%)

percentage tax

A. Establishments whose annual gross sales or

receipts exceed P 3,000,000 and who are VAT

registered

B. Businesses whose annual gross sales or receipts

exceed P 3,000,000 and who are not VAT

registered

C. VAT registered establishment whose annual

gross sales or receipts do not exceed P3,000,000

D. Establishments whose annual gross sales or

receipts do not exceed P3,000,000 and who are

not VAT registered