TXTN2 Endterm Quiz.pdf - TXTN2 Endterm Quiz Introduction to...

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TXTN2Endterm QuizMarch 11, 2020Introduction to Business taxesAna has the following data for 2018, thetaxable year:Gross sales - P2,850,000Collections - P1,420,0001.If Ms. Ana is a seller of goods, herbusiness tax for the year should be?2.If Ms. Ana is a seller of services, herbusiness tax for the year should be?Common carrier’s taxMaharlika Airlines, a domestic corporationplying domestic routes had the followinggross receipts for the month ended April2018: carriage of passenger, P4,500,000;carriage of cargo, P7,000,000.3. The correct amount of business tax for themonth ended April 2018 is?Rianne is an operator of ten buses withroutes from Manila to Subic and is likewise atransportation contractor with three freighttrucks. For the taxable year 2018, hereported gross receipts from operation ofP36,000,000. His gross receipts, howeverfrom his freight on goods or cargoesamounted to only P800,000 for the year.4. Assuming Rianne is non-vat registered,how much is his total business tax due?
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Term
Spring
Professor
N/A
Tags
Ms Ana, Gross sales

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