56. Shushi Bae is a Korean based in South Korea. She established Shushi Samgyup in the Philippines and registered the same at the Department of Trade and Industry and the Bureau of Internal Revenue as Non-VAT. She hired Nicanor as the General Manager in-charge of all the operations of the head office and its branches. Total receipts for the 2021 are hereunder accounted: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Head Office NCR 500,000 400,000 500,000 400,000 Cebu Branch 250,000 300,000 200,000 Davao Branch 100,000 200,000 How much is the total output tax Shushi Bae is required to report? Answer:
56. Shushi Bae is a Korean based in South Korea. She established Shushi Samgyup in the Philippines and registered the same at the Department of Trade and Industry and the Bureau of Internal Revenue as Non-VAT. She hired Nicanor as the General Manager in-charge of all the operations of the head office and its branches. Total receipts for the 2021 are hereunder accounted: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Head Office NCR 500,000 400,000 500,000 400,000 Cebu Branch 250,000 300,000 200,000 Davao Branch 100,000 200,000 How much is the total output tax Shushi Bae is required to report? Answer:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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56. Shushi Bae is a Korean based in South Korea. She established Shushi Samgyup in the Philippines and registered the same at the Department of Trade and Industry and the Bureau of Internal Revenue as Non-VAT. She hired Nicanor as the General Manager in-charge of all the operations of the head office and its branches. Total receipts for the 2021 are hereunder accounted:
|
1st Quarter |
2nd Quarter |
3rd Quarter |
4th Quarter |
|
|
Head Office NCR |
500,000 |
400,000 |
500,000 |
400,000 |
|
Cebu Branch |
250,000 |
300,000 |
200,000 |
|
|
Davao Branch |
100,000 |
200,000 |
How much is the total output tax Shushi Bae is required to report?
Answer:
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