Question
Daenerys of the house of Targaryen, non-VAT registered, owns several business establishments withij the seven kingdoms and has the following sales and receipts for the
Daenerys of the house of Targaryen, non-VAT registered, owns several business establishments withij the seven kingdoms and has the following sales and receipts for the month of February 2021:
Sale of dragon meat in its original state 670,000 Sale of educational books 140,000 Receipts from cabarets 2,790,000 Sale of 2 residential dwellings 5,733,000 Sale of winter clothing 1,450,000 Lease of 50 apartments units 800,000
1. Compute the total exempt sales/receipts. 2. Compute the total VATable sales/receipts. 3. Compute the total percentage tax payable.
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