Until the time of the examination of its book, the taxpayer failed to withhold 10% withholding tax amounting to 10,000 from the payments of professional fees to vat-registered consultant. In the problem above, what is the amount of surcharge from the taxpayer? O 1,874 O 2,000 O 2,500

Until the time of the examination of its book, the taxpayer failed to withhold 10% withholding tax amounting to 10,000 from the payments of professional fees to vat-registered consultant. In the problem above, what is the amount of surcharge from the taxpayer? O 1,874 O 2,000 O 2,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Until the time of the
examination of its book, the
taxpayer failed to withhold
10% withholding tax
amounting to 10,000 from the
payments of professional fees
to vat-registered consultant.

In the problem above, what is
the amount of surcharge from
the taxpayer?
O 1,874
O 2,000
O 2,500

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