1. In December 2027. Taguan Bank reported a net income of P900,000, net of trading loss of P50,000. In January 2028, Taguan reported the following gross receipts: Interest income with maturity less than 5 years P600,000Royalty income 300,000Gain from sale of derivatives 200,000How much is the cross receipts tax on the collections of Taguan for January 2028? 2. A cockpit owned by Sabungero reported the following receipts and expenses forthe period: Gross receipts from cockpit entrance fee - P500,000; Gross receipts from restaurant inside cockpit compound: Food sales - 200,000; Beverage sales - 100,000; Business expenses - 50,000; The total amusement tax is: 3. A Family corporation has 750,000 of its par common stocks outstanding. Its Board of Directors decided to Issue for the first time for public ownership 400,000 of its unissued common stocks. The 400,000 shares were sold for P12 per share. The percentage tax is
1. In December 2027. Taguan Bank reported a net income of P900,000, net of trading loss of P50,000. In January 2028, Taguan reported the following gross receipts: Interest income with maturity less than 5 years P600,000Royalty income 300,000Gain from sale of derivatives 200,000How much is the cross receipts tax on the collections of Taguan for January 2028?
2. A cockpit owned by Sabungero reported the following receipts and expenses forthe period: Gross receipts from cockpit entrance fee - P500,000; Gross receipts from restaurant inside cockpit compound: Food sales - 200,000; Beverage sales - 100,000; Business expenses - 50,000; The total amusement tax is:
3. A Family corporation has 750,000 of its par common stocks outstanding. Its Board of Directors decided to Issue for the first time for public ownership 400,000 of its unissued common stocks. The 400,000 shares were sold for P12 per share. The percentage tax is
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