Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Content X Review Test Submission: FPA 2: V X Take Test: Final Examinations - C( X f Facebook X + V X > C Aust.blackboard.com/webapps/assessment/take/launch.jsp?course_assessment_id=_667375_1&course_id=_169142_1&content_id=_7025537_1&step=null
Content X Review Test Submission: FPA 2: V X Take Test: Final Examinations - C( X f Facebook X + V X > C Aust.blackboard.com/webapps/assessment/take/launch.jsp?course_assessment_id=_667375_1&course_id=_169142_1&content_id=_7025537_1&step=null Q 1 8Guest . .. * Question Completion Status: QUESTION 13 2.5 points Save Answer The invoice value (inclusive of VAT) is P112.00, how much is the VAT? O a. P12.00 O b. P15.00 O c. P13.44 O d. P10.00 QUESTION 14 2.5 points Save Answer Which of the following is not a national internal revenue business tax? O a. Percentage tax O b. Excise tax O c. Income tax O d. Value added tax Activate Windows Click Save and Submit to save and submit. Click Save All Answers to save all answers. Go to Settings TOWS Save All Answers Save and Submit 31 C ENG 5:22 pm Cloudy O US 02/06/2022Content X Review Test Submission: FPA X Take Test: Final Examinations X Facebook X G Quarterly VAT return - Googl X + V X > C Aust.blackboard.com/webapps/assessment/take/launch.jsp?course_assessment_id=_667375_1&course_id=_169142_1&content_id=_7025537_1&step=null Q 1 8Guest . .. Question Completion Status: QUESTION 18 2.5 points Save Answer If not specifically vat-exempt transaction, how much is the threshold for purposes of VAT registration? O a. P1,919,500.00 O b. P1,800,000.00 O c. P2,500,000.00 O d. P3,000,000.00 QUESTION 19 2.5 points Save Answer Joshua is an on-line seller of kitchen and food sets who initially registered himself as VAT taxpayer. For the first quarter of 2021, he had gross sales of P300,000. How much is his business tax? O a. Percentage tax of P9,000 O b. Exempt from business tax O c. Percentage tax of P3,000 O d. Value added tax of P36,000 Activate Windows Click Save and Submit to save and submit. Click Save All Answers to save all answers. Go to Settings TOWS Save All Answers Save and Submit 31'C ENG 5:24 pm Cloudy O US 02/06/2022Content x Review Test Submission: FPA X Take Test: Final Examinations X f Facebook X G Sale of house and lot and ott X + V X -> C Aust.blackboard.com/webapps/assessment/take/launch.jsp?course_assessment_id=_667375_1&course_id=_169142_1&content_id=_7025537_1&step=null Q Guest . .. Question Completion Status: O d. Progressive tax QUESTION 23 2.5 points Save Answer One of the following sale of real properties shall be subject to VAT O a. Sale of house and lot and other residential dwellings valued at P2,000,000 and below. O b. Sale of apartment house held primarily for lease in the ordinary course of trade or business. O c. Sale of real properties utilized for socialized housing. O d. Sale of real properties utilized for low-cost housing. QUESTION 24 2.5 points Save Answer The gross selling price (exclusive of VAT) is P112.00, how much is the VAT? O a. P12.00 O b. P15.00 O c. P10.00 O d P12 14 Activate Windows Click Save and Submit to save and submit. Click Save All Answers to save all answers. Go to Settings LOWS Save All Answers Save and Submit 29 C ENG 5:32 pm Cloudy O US 02/06/2022
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started