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Data for a trader with one line of business subject to value added tax and another line of business not subject to value added tax
Data for a trader with one line of business subject to value added tax and another line of business not subject to value added tax (amounts presented are gross of vat if applicable):
Sales, vat business | P896,000 |
Sales, non-vat business | 200,000 |
Purchases of goods, vat business | 224,000 |
Purchases of goods, nonvat business | 33,600 |
Purchase of depreciable asset, for use in vat and non vat business | 112,000 |
Purchases of supplies, for vat and non vat business | 2,240 |
Rental of premises, for vat and non vat business, from non vat lessor | 22,400 |
The value added tax payable is
Group of answer choices
P59,808
P86,208
P62,208
P82,608
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