HELP.ASAP. No need for a thorough explanation as long as there is a solution. Thank you. :> Local Taxes on Publishing Mr. Pablisher reported the following receipts for the previous year: Printing and publication: Books prescribed by DEpEd P1,300,000 Books and print cards 1,000,000 Forms and leaflets 200,000 Required: How much would be Mr. Pablisher local tax payable to Provincial Treasurer? Sand, Gravel and Quarry Resources ABC Partnership is engaged in selling sand, gravel and other quarry resources. During the taxable year, the partnership reported the following during the year: Gross sales P10,000,000 Total collections during the year 9,000,000 Total market value of extracted sand, gravel and quarry resources 5,000,000 Unsold sand, gravel, and other quarry resources 4,000,000 Required: How much would be the local tax payable to the provincial treasurer by ABC Partnership?
HELP.ASAP. No need for a thorough explanation as long as there is a solution. Thank you. :> Local Taxes on Publishing Mr. Pablisher reported the following receipts for the previous year: Printing and publication: Books prescribed by DEpEd P1,300,000 Books and print cards 1,000,000 Forms and leaflets 200,000 Required: How much would be Mr. Pablisher local tax payable to Provincial Treasurer? Sand, Gravel and Quarry Resources ABC Partnership is engaged in selling sand, gravel and other quarry resources. During the taxable year, the partnership reported the following during the year: Gross sales P10,000,000 Total collections during the year 9,000,000 Total market value of extracted sand, gravel and quarry resources 5,000,000 Unsold sand, gravel, and other quarry resources 4,000,000 Required: How much would be the local tax payable to the provincial treasurer by ABC Partnership?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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HELP.ASAP. No need for a thorough explanation as long as there is a solution. Thank you. :>
- Local Taxes on Publishing Mr. Pablisher reported the following receipts for the previous year:
Printing and publication:
Books prescribed by DEpEd P1,300,000
Books and print cards 1,000,000
Forms and leaflets 200,000
Required: How much would be Mr. Pablisher local tax payable to Provincial Treasurer?
- Sand, Gravel and Quarry Resources ABC Partnership is engaged in selling sand, gravel and other quarry resources. During the taxable year, the partnership reported the following during the year:
Gross sales P10,000,000
Total collections during the year 9,000,000
Total market value of extracted sand, gravel and quarry resources 5,000,000
Unsold sand, gravel, and other quarry resources 4,000,000
Required: How much would be the local tax payable to the provincial treasurer by ABC Partnership?
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