Question
Malakas owns two passenger buses. Each bus has a seating capacity of 45 passengers. The buses ply the route Naga City to Legaspi City, and
Malakas owns two passenger buses. Each bus has a seating capacity of 45 passengers.
The buses ply the route Naga City to Legaspi City, and vice versa. During the month, he
decided to stop the operation of one unit to undergo two weeks engine overhaul. Thus,
his total gross receipts during the month amounted to 110,000 only. Compute the
percentage tax of Malakas, if any.
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
