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Can you answer po items 1-7? And pwede po paki explain na lang din po. Thank you Chapter 1 - Introduction to Consumption Taxes Multiple

Can you answer po items 1-7? And pwede po paki explain na lang din po. Thank you

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Chapter 1 - Introduction to Consumption Taxes Multiple Choice -Problem Part 1 e tax. 1. Free Company, a resident business, renders services to Mr. Erlwin, a resident person who is not engaged in business. Identify the statutory taxpayer and the type of consumption tax. a. Free Company - Business tax b. Mr. Erlwin - VAT on importation C . Mr. Erlwin - Business tax d. Nogood TAV-non Free Company - VAT on importation 2 . Baliwag Company, a non-resident business, purchased P200,000 from Cauayan Company, a resident business. Which will pay the consumption tax on this transaction? a. Cauayan Company c. Both A and B 060,0019 b. Baliwag Company d. Neither A nor B 000,8019 3. Heidenberg Corporation, a resident business, purchased P 100,000 goods from Kiwi Company, a non-resident business. Boms Identify the statutory taxpayer and the type of consumption tax. a. Heidenberg Company - Business tax b. Kiwi Company - business tax C . Heidenberg Company - VAT on importation d. Kiwi Company - VAT on importation 4. Mr. Cedric, an employee, sold his residential lot to Mrs. Corneto, a real property dealer. Who is subject to consumption tax with respect to this transaction? a. Mr. Cedric C. A and B b. Mrs. Corneto d. Neither A nor B 600,0019 yable 5 . Mr. Porma made a casual sale involving a car to Mrs. Tutyal, a resident buyer. Mr. Porma is not a car dealer. Who is subject to consumption tax? a. Mr. Porma c. Both Mr. Porma and Mrs. Tutyal b. Mrs. Tutyal d. Neither Mr. Porma nor Mrs. Tutyal 6. Mr. Llama, an employee, imported a pair of shoes from Hongkong. Which consumption tax is he liable to pay? a. Business tax c. Both b. VAT on importation d. None 7. Kapederasyon, a charitable non-profit corporation, imports various office supplies from XG Manufacturing Industries in China. Which is correct? a. Kapederasyon is exempt from VAT on importation. b. Kapederasyon is subject to VAT on importation. c. XG Manufacturing Industries is subject to business tax. d. XG Manufacturing Industries shall pay the VAT on the importation. 17

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