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A VAT-registered entity has the following transactions reflected in its invoices/receipts for the taxable year 2019: * Sale of unprocessed fruits and vegetables P 150,000

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A VAT-registered entity has the following transactions reflected in its invoices/receipts for the taxable year 2019: * Sale of unprocessed fruits and vegetables P 150,000 Sale of various merchandise to regular customers 600,000 Sale of medicines prescribed for diabetes, high 50,000 cholesterol, & hypertension to senior citizens/PWD Sale of medicines prescribed for diabetes, high 20,000 cholesterol, & hypertension to other customers Sale of other medicines to regular customers 90,000 Sale of residential lot (cost 1,500,000) 1,900,000 How much of the foregoing is subject to VAT? 2,810,000 2,610,000 2,590,000 710,000 Answer not given (give your answer) A Service provider registered with BIR in 2012, has the following data for the year 2019: * Gross Receipts 1,000,000 Services rendered but not yet received 100,000 Salaries of personnel directly involved in the 300,000 supply of services Salaries of office personnel (including salaries of P100,000 given to senior citizens) 250,000 Acquisition cost of office equipment (estimated 250,000 life is 5 years) Acquisition cost of equipment used in the supply of services (estimated life is 5 years) 300,000 Fees of consultant directly involved in the supply 50,000 of services Rental of equipment directly used in the supply of 70,000 services Assistance given to a state university under the Adopt-A-School Program 100,000 Other operating expenses 120,000 How much is the amount subject to VAT? P1,100,000 P1,000,000 P 675,250 P750,000 Answer not given (give your answer)

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