Bluedragon is engaged in the following business activities for the year2021: buying and selling of computer of computer parts with gross salesof P1,500,000 and as a freelance graphic artist with gross receipts ofP1,000,000. Determine the business tax and the business tax due. *O Percentage tax 1%; P 25,000O Percentage tax 3%; P 75,000O VAT 12%; P 300,000O VAT Exempt; P 0

Persons who sell goods, properties or services and whose annual gross sales or receipts does not…

Answered: Bluedragon is engaged in the following…

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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Bluedragon is engaged in the following business activities for the year 2021: buying and selling of computer of computer parts with gross sales of P1,500,000 and as a freelance graphic artist with gross receipts of P1,000,000. Determine the business tax and the business tax due. *