QL.From non-VAT registered persons126,500QM.Revenue from rent of equipment to another contractor17,92062.Assuming the customs duties were based on the quantity of thegoods imported, the VAT due on the importation in-
63.The value-added tax payable by Lavadeña Construction Companyduring the quarter is-A. P21,420B.19,200C. 6,450D.20,400QW.Answer: AQX.Output taxes:QY.Contract 1 (616,000*3/28)P66,000QZ.Contract 2 (220,080*3/28)23,580RA.Rent of equipment (17,920*3/28)1,92091,500RB.Less: input taxesRC.Purchases of materials (226,240*3/28)24,240RD.On importation45,84070,080RE.VAT payable21,420RF.
64.Bata, a VAT registered person had the following data:RG.Price actually paid for the goods bought from JapanP600,000RH.Related insurance premiums and the freight from Japan100,000RI.Customs duties amount to 40% of dutiable valueRJ.Other import charges and expenses amount to 120% ofRK.Customs dutiesRL.RM.The VAT on importation is-