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B19
B19
B19
ANSWER
B
D
C
D
B
venue. d. 3% of gross receipts. 7. Which is a vatable receipt to a franchise telephone franchise grantee? a. Receipt from domestic dispatch
a. Receipt from domestic dispatch of message b. Receipt from incoming calls c. Receipt from outgoing calls d. Both A and B 8. Which of th
alls d. Both A and B 8. Which of the following franchisees is subject to the franchise tax? a. Electricity b. Transportation c. Water utility d. T
Transportation c. Water utility d. Telephone 9. The franchise tax on radio or television franchises is a. 2% of gross receipt. b. 3% of revenu
% of gross receipt. b. 3% of revenue. c. 2% of revenue. d. 3% of gross receipt. 10. A radio or television broadcasting company with annual g
oadcasting company with annual gross receipt not exceeding P9,000,000 shall pay a. VAT b. 3% percentage tax c. 2% percentage tax d. No
age tax c. 2% percentage tax d. No business tax