1. Grandbaby is a common carrier by sea. During a particular quarter, its receipts consist of the following: Transport of passengers P 1,000,000; Transport of goods 1,500,000; Transport of cargoes 500,000.The output VAT is: (Figure w/out VAT) 2. Mr. J. Cruz is the owner of a small variety store. His gross sales la any one year do not exceed of P3M. He is not VAT-registered the following data are taken from the books of the variety store for the quarter ending March 31, 2026Merchandise inventory, December 31, 2025 P 100,000Gross sales 450,000Purchase from VAT-registered suppliers 350,000The percentage tax due is: 3. Grandbaby is a common carrier by sea. During a particular quarter, its receipts consist of the following: Transport of passengers P 1,000,000; Transport of goods 1,500,000; Transport of cargoes 500,000.The common carriers tax payable is
1. Grandbaby is a common carrier by sea. During a particular quarter, its receipts consist of the following: Transport of passengers P 1,000,000; Transport of goods 1,500,000; Transport of cargoes 500,000.The output VAT is: (Figure w/out VAT)
2. Mr. J. Cruz is the owner of a small variety store. His gross sales la any one year do not exceed of P3M. He is not VAT-registered the following data are taken from the books of the variety store for the quarter ending March 31, 2026Merchandise inventory, December 31, 2025 P 100,000Gross sales 450,000Purchase from VAT-registered suppliers 350,000The percentage tax due is:
3. Grandbaby is a common carrier by sea. During a particular quarter, its receipts consist of the following: Transport of passengers P 1,000,000; Transport of goods 1,500,000; Transport of cargoes 500,000.The common carriers tax payable is
Step by step
Solved in 3 steps