Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CHOICES OF ANSWERS: 7,660 10,000 8,000 5,660 Sun is a VAT-registered life insurance company and it has the following gross receipts during the period. Life

image text in transcribed

CHOICES OF ANSWERS:

7,660

10,000

8,000

5,660

Sun is a VAT-registered life insurance company and it has the following gross receipts during the period. Life insurance 177,000 premiums Insurance commission 53,000 income Reinstatement 65,000 fees Reinsurance 100,000 premiums Reinsurance 41,000 fees Reinsurance 64,000 commission Sun only engages in the business of life insurance. Total input vat from purchases is P50,000 How much is the total percentage tax? (Select]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Safe Hiring Audit The Employers Guide To Implementing A Safe Hiring Program

Authors: Lester S. Rosen

1st Edition

1889150517, 978-1889150512

More Books

Students also viewed these Accounting questions

Question

a. What are the mean value and standard deviation of lifetime?

Answered: 1 week ago