26. A VAT subject real estate dealer sold a residential lot on January 15, 2020. The following information was made available on the terms of the sale: P Gross selling price 2.000.000 Initial payments on January 15, 2020 (consisting of down payment and installments in the year of sale) 900,000 Balance to be paid in equal installment, installments starting February 15, 2020 2,100,000 The zonal value of the residual lot was P2,800,000 How much was the output tax on February 15, 2020? 27. Which of the following is subject to Value Added Tax? Group of answer choices Medical, dental, hospital and veterinary services Medicines administered to a patient confined in the hospital Sale of drugs and medicine in the hospital's pharmacy or drug store Laboratory services 29. The exemption from VAT of educational services does not include: Group of answer choices In-service training Other similar services rendered by persons who are not accredited by DepED, the CHED and/or the TESDA Seminars and review classes All of the choices 30. Which of the following shall not be exempt from Value Added Tax? Group of answer choices Transactions which are exempt under international agreements to which the Philippines is a signatory or under special laws. Services rendered by regional or area headquarters established in the Philippines by multinational corporations which act as supervisory, communications and coordinating centers for their affiliates, subsidiaries or branches in the Asia Pacific Region and do not earn or derive Income from the Philippines. Services rendered by professionals such CPAs, engineers, lawyers, etc. Services rendered by individual pursuant to an employer-employee relationship. 26. A VAT subject real estate dealer sold a residential lot on January 15, 2020. The following information was made available on the terms of the sale: P Gross selling price 2.000.000 Initial payments on January 15, 2020 (consisting of down payment and installments in the year of sale) 900,000 Balance to be paid in equal installment, installments starting February 15, 2020 2,100,000 The zonal value of the residual lot was P2,800,000 How much was the output tax on February 15, 2020? 27. Which of the following is subject to Value Added Tax? Group of answer choices Medical, dental, hospital and veterinary services Medicines administered to a patient confined in the hospital Sale of drugs and medicine in the hospital's pharmacy or drug store Laboratory services 29. The exemption from VAT of educational services does not include: Group of answer choices In-service training Other similar services rendered by persons who are not accredited by DepED, the CHED and/or the TESDA Seminars and review classes All of the choices 30. Which of the following shall not be exempt from Value Added Tax? Group of answer choices Transactions which are exempt under international agreements to which the Philippines is a signatory or under special laws. Services rendered by regional or area headquarters established in the Philippines by multinational corporations which act as supervisory, communications and coordinating centers for their affiliates, subsidiaries or branches in the Asia Pacific Region and do not earn or derive Income from the Philippines. Services rendered by professionals such CPAs, engineers, lawyers, etc. Services rendered by individual pursuant to an employer-employee relationship