1. A is a non-VAT registered tax payer with a grocery store. The following data are available for 2018: Sales of non food items is P 300,000 Sales of processed food items is P 400,000 Purchases from VAT registered person is P 250,000 Salaries of employees is P 150,000 What is the percentage tax due (net of applicable taxes)?
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- Oakdale Fashions, Inc. had $245.000 in 2018 taxable income. Using the tax schedule in Table 23 to calculate the company's 2018 income taxes. (Round your answer to the nearest dollar amount.) Income taxes What is the average tax rate? (Round your answer to2 declmal places.) Average tax rate What is the marginal tax rate? Marginal tax rateX is a percentage tax business. X issued a VAT-invoice for goods sold in the amount of P12,400 inclusive of VAT. The goods were bought for P8,000 exclusive of VAT. How much is the VAT payable? * O PO P1,329 O P1,488 О Р369X is a percentage tax business. X issued a VAT-invoice for goods sold in the amount of P12,400 inclusive of VAT. The goods were bought for P8,000 exclusive of VAT. How much is the VAT payable? * О РО O P1,329 O P1,488 О Р369Dakdale Fashions, Inc. had $245,000 in 2018 taxable income. Using the tax schedule in Table 23 to calculate the company's 2018 income taxes. (Round your answer to the nearest dollar amount.) Income taxes What is the average tax rate? (Round your answer to 2 declmal places.) Average tax rate What is the marginal tax rate? Marginal tax rate ( Prev 12 of 40 E Type here to search 中 DELL F2 F4 F5 F7 F8 F10 F11 F12 PrtScr Insert Coca 24 4 V 23 ) %3D 5. 9. 8. R { } P.A customer purchases $28.14 in prodcts only $12.83 is taxable. How much sales tax is owed if the tax rate is 10%?A VAT-taxpayer made the following sales during the year:Domestic Sales P100,000Export Sales P120,0001. What is the amount subject to business tax?2. Compute the Output VAT.A VAT Taxpayer had the following data on sales and purchases of a month, value-added tax not included: Sales, exports P4,000,000 Purchases from VAT taxpayersP1,200,000 How much is the value-added tax refundable?Atimonan Company received a bill for P27,440 from a VAT service provider. The payment for the service is subject to 2% creditable withholding tax. If Atimonan is a VAT taxpayer and a top withholding agent, what is the deductible expense? What respectively is the withholding tax and the amount of cash to be paid by Atimonan to the service provider?Oakdale Fashions, Inc. had $245.000 in 2018 taxable income. Using the tax schedule in Table 2.3 to calculate the company's 2018 income taxes. (Round your onswer to the neorest dollar amount) Income taxes What is the average tax rate? (Round your answer to 2 declmal places.) Average tax rate 96 What is the marginal tax rate? Marginal tax rate Prev of 10 Next> re to search F5 F4 F7 F8 F10A VAT Taxpayer had the following data on sales and purchases of a month, value-added tax not included: Sales, exports P4,000,000 Purchases from VAT taxpayers P1,200,000 How much is the value-added tax refundable?A Non-VAT business reported the following:Sales P2,500,000Cost of Sales P1,000,000Purchases, inclusive of VAT P560,000How much is the amount of business tax payable?a) Tax BMX Company has one employee. FICA Social Security taxes are 6.2% of the first $137,700 paid to its employee, and FICA Medicare taxes are 1.45% of gross pay. For BMX, its FUTA taxes are 0.6% and SUTA taxes are 5.4% of the first $7,000 paid to its employee. FUTA SUTA b) Tax b. c. Compute BMX's amounts for each of these four taxes as applied to the employee's gross earnings for September under each of three separate situations (a), (b), and (c). Note: Round your answers to 2 decimal places. FICA-Social Security FICA-Medicare FUTA SUTA c) Tax Gross Pay through August 31 $ 6,500 2,100 131,500 FICA-Social Security FICA-Medicare FUTA SUTA FICA-Social Security FICA-Medicare Gross Pay for September $ 900 2,200 8,100 September Earnings Subject to Tax September Earnings Subject to Tax September Earnings Subject to Tax Tax Rate Tax Rate Tax Rate Tax Amount Tax Amount Tax AmountSEE MORE QUESTIONS