1. ABC Co. is a VAT trader.It had the following data for the month of June. VAT not included:

Cash salesP200,000

Sales on account100,000

Installment sales100,000

Consignment sales (at suggested retail price)(not yet sold as of theend of the month)

Date consignedAmount

April 15P 100,000

May 15120,000

June 15140,000

How much of the consigned goods is subject to VAT?__________________

How much is the output tax on his sales for the month?_______________

2.The taxpayer is a real estate dealer.The following are the data pertaining to his sales.

Consideration on the sale, per deed of sale 4,800,000

Zonal Value 4,500,000

Fair market value in the assessment rolls 5,200,000

Payments as follows:

March 5, 2018(date of sale) 1,200,000

March 5, 2019 1,800,000

March 5, 2020 1,800,000

How much is the value added tax shown in the deed of sale?____________________

How much is the output value-added tax on March 5, 2018 collection?_______________

How much is the output value-added tax on March 5,2020 collection?_______________