6.

Kudarat Company had the following sales and receipts data in the past twelve months: Exempt sales 200,000 Services subj

ANSWER:
A
C
D
A
B
xempt sales 200,000 Services subject to percentage tax 400,000 Other sales 2,000,000 Total 2,600,000 Which is correct? a. The taxpayer i
Which is correct? a. The taxpayer is subject to VAT on other sales. b. The taxpayer is subject t VAT on taxable sales other than exempt sale
able sales other than exempt sales. c. The taxpayer is subject to percentage tax on taxable sales other than exempt sales. d. The taxpayer
han exempt sales. d. The taxpayer is subject to percentage tax on all sales. 7. The following data pertain to a business taxpayer during a qu
to a business taxpayer during a quarter: January February March Revenue (Sales) 200,000 240,000 230,000 Cash collections 180,000 240,
000 Cash collections 180,000 240,000 220,000 Which of these properly reflect the reporting of a non-VAT service provider? January Febru
T service provider? January February March a. P170,000 P240,000 P640,000 b. P0 P0 P640,000 c. P180,000 P240,000 P220,000 d. P0 P0 P
000 P240,000 P220,000 d. P0 P0 P670,000 Note: Service providers are subject to tax on receipts. Non-VAT taxpayers are not subject to qu
AT taxpayers are not subject to quarterly filing. 8. Which of these properly reflect the reporting of a non-VAT s