Pi total vat on importation 4153056645120 4798176 pj

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Mathematics for Elementary School Teachers
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Chapter 5 / Exercise 17
Mathematics for Elementary School Teachers
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PI.Total VAT on importation (41,530.56+6,451.2047,981.76
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Mathematics for Elementary School Teachers
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Chapter 5 / Exercise 17
Mathematics for Elementary School Teachers
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PJ.59.In question 58 how much is the VAT payable if the imported goodsfor sale were sold for P665,000 (inclusive of tax) 10 days after itsdelivery to the warehouse
60.Robin P. imported a car from the USA for his personal use. Totallanded cost is P250,000 (about US $5,000)including custom duties ofP50,000. VAT payable is: (RPCPA)
61.Lavadeña Construction Corporation, a VAT registered generalconstruction company. Its data for the quarter are revealed below:PW.Contract 1-Residential housePX.Contract price-P1,200,000PY.Collections during the monthP616,000PZ.Contract 2-WarehouseQA.Contract price P1,000,000QB.Percentage of completion70%QC.Collections during the month220,080QD.QE.Importation of construction equipments from Japan:QF.Invoice cost, Japan ($1: Php 44)$7,500QG.Value per Bureau of CustomsP370,000QH.Customs duties35,000QI.Freight and insurance17,000QJ.Purchases of materials:QK.From VAT registered persons226,240
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-

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