Question
For the 1st quarter of 2024, Villarica Pawnshop received rentals of P180,000; interests of P500,000 from lending activities with maturities of more than 5 years;
For the 1st quarter of 2024, Villarica Pawnshop received rentals of P180,000; interests of P500,000 from lending activities with maturities of more than 5 years; and interests of P800,000 from lending activities with maturities of 5 years or less. How much is the gross receipts tax for the Quarter?
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Accounting and Finance An Introduction
Authors: Peter Atrill, Eddie McLaney
8th edition
129208829X, 1292088297, 978-1292088297
