In the third quarter of 2017, a taxpayer engaged in the sale of services whose annual gross receipts do not exceed P1,919,500 has the following data: Accounts receivable, beginning of the quarter 50,000 Sales during the quarter, on account 100,000 Accounts receivable, end of quarter 75,000 Purchase of supplies, total invoice amount 11,200 The percentage tax due for the quarter is_______________ Assuming the taxpayer is VAT-registered, the VAT payable is __________________

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Q: if a property transaction is scheduled to close on May 14. The purchase agreement states that the…

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