ACTIVITY 9-BL04

1. Andres Manzano Lines, a vat-registered, has the following gross receipts in

February
Bus 1(carriage of goods, P18,000) 100,000
Bus 2(carriage of goods, P13,500) 165,000
Taxi 90,000
Jeepney 35,500
Cargo truck 45,000
Sea vessel 250,000
Additional information:
Salaries of drivers and conductor 125,000
Cost of oil and gasoline 175,000
During the month, Bus 1 was bumped by another bus owned by Buggy Lines paid
Andres Manzano Lines P120,000 for damage.
Required:
Compute the percentage tax due to Andres Manzano Lines in February

SOLUTION:
Bus 1 = (P100,000−P18,000) = P 82,000
Bus 2 = (P165,000−P13,500) = 151,500
Taxi 90.000
Jeepney 35,500
Total P359,000
× 3%
OPT;CCT P 10,770

• Ignore income and expenses for business taxation purposes.