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Prosperous Bank has the following data for the 1st half 2018: Interest and commission income from lending activities with maturity of 3 years 1st Quarter
Prosperous Bank has the following data for the 1st half 2018: Interest and commission income from lending activities with maturity of 3 years 1st Quarter 4,000,000 2nd Quarter 2,800,000 Interest and commission income from lending activities with maturity of 5 years 1st Quarter 3,500,000 #nd Quarter 3,300,000 Interest and commission income from lending activities with maturity of 7 years 1st Quarter 6,000,000 2nd Quarter 7,200,00 Other income from rentals of facilities and other assets 1st Quarter 775,000 2nd Quarter 825,000 Income from financial leasing (remaining maturity is more than 5 years) 1st Quarter 1,200,000 2nd Quarter 950,000 Dividends and equity shares in net income of subsidiaries 1st Quarter 500,000 2nd Quarter 400,000 Net trading gain (loss) 1st Quarter (150,000) 2nd Quarter 325,000 Required: 1. Gross Receipts Tax for March 31, 2018 2. Gross Receipts Tax for June 30, 2018
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