Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribedimage text in transcribedimage text in transcribed
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

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

Fundamentals of Financial Management

Authors: Eugene F. Brigham, Joel F. Houston

Concise 6th Edition

324664559, 978-0324664553

More Books

Students also viewed these Finance questions