Question
ABC Pawnshop Corp. reported the following information in preparation of its quarterly percentage tax return: Source of Income Amount Gross receipts on interest from pawning
ABC Pawnshop Corp. reported the following information in preparation of its quarterly percentage tax return:
| Source of Income | Amount |
| Gross receipts on interest from pawning | 5,000,000 |
| Gross receipts on interest from lending (1 year) | 10,000,000 |
How much is the quarterly gross receipts tax?
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel
3rd Canadian Edition
0470836792, 978-0470836798
