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Maria runs a small retail store in Metro Manila. At the end of the fiscal year, she
needs to compute her taxes for the various types of transactions her business
conducted. Let's break down each type of tax:

a. Income Tax:
- Maria's total business income for the year amounted to PHP 1,500,000. The
income tax rate for corporations like hers is 30%. How much income tax does
Maria's business owe to the Bureau of Internal Revenue (BIR)?
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Maria runs a small retail store in Metro Manila. At the end of the fiscal year, she
needs to compute her taxes for the various types of transactions her business
conducted. Let's break down each type of tax:

b. Value Added Tax (VAT):

- Maria's total sales for the year amounted to PHP 2,000,000. Since her business is
VAT-registered, she needs to compute the VAT due to the BIR. The current VAT rate is
12%. How much VAT does Maria's business need to remit?
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Maria runs a small retail store in Metro Manila. At the end of the fiscal year, she
needs to compute her taxes for the various types of transactions her business
conducted. Let's break down each type of tax:

c. Excise Tax:
- Maria also sells cigarettes in her store. She sold 10,000 packs of cigarettes this
year, and the excise tax rate per pack is PHP 5. How much excise tax does Maria
need to pay?
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Maria runs a small retail store in Metro Manila. At the end of the fiscal year, she
needs to compute her taxes for the various types of transactions her business
conducted. Let's break down each type of tax:

d. Capital Gains Tax:

- Maria sold a piece of land for PHP 1,200,000. The capital gains tax rate for the
sale of real property is 6%. How much capital gains tax does Maria need to pay?
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Maria runs a small retail store in Metro Manila. At the end of the fiscal year, she needs
to compute her taxes for the various types of transactions her business conducted.
Let's break down each type of tax:

e. Documentary Stamp Tax:

- Maria executed a lease agreement for her store premises. The lease contract is
valued at PHP 500,000. The documentary stamp tax rate for lease agreements is PHP
1 for every PHP 200 of value. How much documentary stamp tax does Maria need to
pay?
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Maria runs a small retail store in Metro Manila. At the end of the fiscal year, she needs
to compute her taxes for the various types of transactions her business conducted.
Let's break down each type of tax:

f. Percentage Tax:
- Maria's total gross sales for the year from her retail store amounted to PHP
1,500,000. Since her business is not VAT-registered and her gross sales do not exceed
PHP 3,000,000, she is subject to the percentage tax rate of 3%. How much
percentage tax does Maria need to pay?
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Maria runs a small retail store in Metro Manila. At the end of the fiscal year, she needs
to compute her taxes for the various types of transactions her business conducted.
Let's break down each type of tax:

g. Withholding Tax:

Maria hired employees in her store and paid them a total salary of PHP 600,000 for
the year. As an employer, Maria is required to withhold a certain percentage of her
employees' salaries as withholding tax. The withholding tax rate for compensation
income is 20%. How much withholding tax does Maria need to remit to the BIR?
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Maria runs a small retail store in Metro Manila. At the end of the fiscal year, she needs
to compute her taxes for the various types of transactions her business conducted.
Let's break down each type of tax:

h. Donor’s Tax:

Maria donated a piece of land valued at PHP 800,000 to a charitable organization. The
donor's tax rate for donations exceeding PHP 250,000 is 6%. How much donor's tax
does Maria need to pay?
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Maria recently inherited a commercial property in Davao City from her late grandfather.
She plans to open a small restaurant on the premises. Before she can start her
business, Maria needs to compute and pay the necessary taxes to the local government
of Davao City. Let's break down each type of tax she needs to consider:

a. Real Property Tax (RPT):

- Maria's inherited commercial property has an assessed value of PHP 5,000,000. The
local government of Davao City imposes an annual real property tax rate of 2%. How
much real property tax does Maria need to pay for the year?
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Maria recently inherited a commercial property in Davao City from her late grandfather.
She plans to open a small restaurant on the premises. Before she can start her
business, Maria needs to compute and pay the necessary taxes to the local government
of Davao City. Let's break down each type of tax she needs to consider:

b. Business Tax:
- Maria's restaurant business is projected to generate an annual gross income of PHP
2,500,000. The local government of Davao City imposes a business tax rate of 1% on
gross sales. How much business tax does Maria need to pay for the year?
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Maria recently inherited a commercial property in Davao City from her late grandfather. She
plans to open a small restaurant on the premises. Before she can start her business, Maria
needs to compute and pay the necessary taxes to the local government of Davao City. Let's
break down each type of tax she needs to consider:

c. Transfer Tax:
- Maria decides to transfer ownership of a portion of her commercial property to her business
partner. The fair market value of the transferred portion is PHP 1,000,000. The local government
of Davao City imposes a transfer tax rate of 1.5% on the fair market value of the property
transferred. How much transfer tax does Maria need to pay for the transaction?