Question
A non-VAT registered taxpayer recorded the following during the month: Sales- merchandise 300,000 Sales- unprocessed meat and milled rice Rent income-commercial space (10,000/unit) Rent
A non-VAT registered taxpayer recorded the following during the month: Sales- merchandise 300,000 Sales- unprocessed meat and milled rice Rent income-commercial space (10,000/unit) Rent income-residential units (12,000/unit) The business tax is? 80,000 60,000 40,000 10. A VAT-registered Taxpayer made the following sale during the taxable year: Sale to U.S paid for $200,000 Sale to France paid for Php 2,500,000 Sale to Germany for US $60,000 Sale to Manila for $20,000 All amounts are exclusive of VAT. How much is the output VAT from the above transactions? 1 US $= Php 50
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Fundamental Accounting Principles
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