Description	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter
Sales - Goods	345,000	452,000	450,000	600,000
Sales - Services	160,000	280,000	350,000	360,000
Sales Returns and Allowances	51,750	67,800	67,500	90,000
Cost of Sales - Goods	205,000	253,000	365,000	454,000
Cost of Services - Services	40,000	70,000	87,500	90,000
Deductions
Salaries, Wages, and Allowances	75,000	75,000	75,000	90,000
Depreciation	50,000	50,000	50,000	50,000
Taxes and Licenses	5,000	-	-	-
Government Contributions	15,000	15,000	15,000	15,000
BIR Form 2307 Received
1% Withholding Tax on Sale of Goods	?	?	?	?
2% Withholding Tax on Sale of Services	?	?	?	?

Additional Information:

• Taxpayer Classification: Resident Citizen
• Earning Purely Business Income
• Revenue District Office: RDO 027
• TIN: 009-564-226-00000
• For The Year 2020
• Name: Juan Juan
• Caloocan City, 1428
• Birthday: December 01, 1989

Using BIR Form No. 1701A, what information should be indicated in Part IV A - Line Item 46A for the taxable year 2020 if he opted to use the 8% Flat Rate?

a. P0

b. P47,100

c. P56,400

d. P197,596

Using BIR Form No. 1701A, what information should be indicated in Part IV B - Line Item 56A for the taxable year 2020 if he opted to use the 8% Flat Rate?

a. P56,400

b. P47,100

c. P0

d. P197,596

Using BIR Form No. 1701A, what information should be indicated in Part II - Line Item 29A for the taxable year 2020 if he opted to use the 8% Flat Rate?

a. P47,100

b. P0

c. P197,596

d. P56,400