Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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

Step: 3

blur-text-image

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

Study Guide To Accompany Financial Accounting In An Economic Context

Authors: Jamie Pratt

6th Edition

0471731110, 978-0471731115

More Books

Students also viewed these Accounting questions

Question

2. Develop a persuasive topic and thesis

Answered: 1 week ago

Question

1. Define the goals of persuasive speaking

Answered: 1 week ago