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Topic: Taxation please ignored what is written there, thank you. The questions are #3, #4 and #5. ERA Corporation has the following sales during the
Topic: Taxation
please ignored what is written there, thank you.
The questions are #3, #4 and #5.
ERA Corporation has the following sales during the month: Sale to private entities 224,000.00 Sale to export-oriented enterprise 100,000.00 Sale of exempt goods 100,000.00 ov The following input taxes were passed on by its VAT suppliers during the month: Input tax on taxable goods 5,000 Input tax on zero-rated sales 3,000 Input tax on sale of exempt goods 2,000 expil Input tax on depreciable capital good not attributable to any specific activity 20,000.00 3. The VAT payable for the month: a. 1,000 b. 7,200 c. 9,000 d. 16,000 e. none of the choices 4. How much input vat can the company refund ? a. 1,000 B. 2,000 C. 8,000 D. 5,000 e. none of the choices 5. How much is the expense of the company? A. 1,000 B. 3,000 C. 2,000 D. 7,000 e. none of the choices 2019 molucive of YATStep by Step Solution
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