8. In 2021, Clifford purchase a condominium unit from Central Realty Corporation for P2,500,000 including a parking spac

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

8. In 2021, Clifford purchase a condominium unit from Central Realty Corporation for P2,500,000 including a parking spac

Post by answerhappygod »

8 In 2021 Clifford Purchase A Condominium Unit From Central Realty Corporation For P2 500 000 Including A Parking Spac 1
8 In 2021 Clifford Purchase A Condominium Unit From Central Realty Corporation For P2 500 000 Including A Parking Spac 1 (10.99 KiB) Viewed 45 times
send your answers together with your computations/explanations.
(business tax)
8. In 2021, Clifford purchase a condominium unit from Central Realty Corporation for P2,500,000 including a parking space for P800,000. The correct amount of vat is: a. P456,000 c. P96,000 6. P360,000 d. PO 9. During 2021 taxable year a subdivision developer sold five (5) residential house and lots each to different vendees for P4,000,000 per lot, or a total sales of P20.000.000 for the taxable period. These sales shall be classified as: a. 12% VAT transactions b. 0% VAT transactions c. VAT exempt transactions d. None of the foregoing
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”