Please apply the Philippine laws of business taxation in your solution (Train Law,Create law, etc.)

Which of the following is wrong?*

a. If the seller is a non-VAT registered seller, the government shall withhold a 3% final percentage tax on the sale before payment.

b. The final withholding system on the sales to the government and GOCC will no longer be applicable starting 2021.

c. VAT treatment on sales to government is the same as VAT treatment on sale to non-government taxpayer except for the mandatory withholding of 5% by the government agency who avail the goods or services offered by the seller.

d. None of the choices.

Cruz sold a certain property for P100,000. At the time of sale, the property had a fair value of P500,000. The property was previously acquired at cost of P40,000. For taxation purposes, how much shall be subject to transfer tax (in this case, donor's tax)?*

a. P40,000

b. P100,000

c. P400,000

d. P460,000

Melissa Corporation had the following details of output VAT and input VAT in a month: Output VAT - 680,000; Input Vat on exempt sales - P P120,000; Input VAT on Zero-rated sales - P240,000; Input VAT on regular sales P600,000; Input VAT claimed as tax refund - P50,000; What is the input VAT carry over at the end of the month?*

a. P180,000

b. P140,000

c. P80,000

d. P60,000