Please answer. Thank you PROBLEM NO. 4Juan Dela Cruz, non-VAT registered lessor of residential and commercial units, had the following datefor the 1st and 24 quarters of 2020:Lease of Residential UnitsMonthly rental of P13,000/unitMonthly rental of P18 000/unitLease of commercial unitsInput vat from vat suppliersa.b. P312,000c.P708,00012. How much is the business tax due (VAT) for the 1st quarter 2020 of Mr. Dela Cruz?a. P99,000b. P174,000C. P396,000d. POGross Receipts13. How much is the business tax due (VAT) for the 2nd quarter 2020 of Mr. Dela Cruz?P432, 000https://www.coursehero.com/file/74432835/VAT-Quizzers-Tabagdoc/1st Quarterd. POP2,500,0001,000,0002,300,000150,000This study source was downloaded by 100000862878679 from Course Hero.com on 02-26-2023 06:17:16 GMT -06:00b. P312,000c. P708,000d. P108,0002nd QuarterP2,300.0001,200,0002.400.000120,00014, Assuming Mr. Dela Cruz is vat registered taxpayer instead of non-VAT registered, how much is hisbusiness tax due for the 1st Quarter of 2020?a. P246,000b. P546,000C. P696,000d. P396,00015. How much is the business tax due for the 2nd quarter 2020 of Mr. Dela Cruz, assuming heregistered as a VAT taxpayer at the start of the 2nd Quarter 2018?a. P432,000

Business Tax = Income* tax rate

PROBLEM NO. 4 Juan Dela Cruz, non-VAT registered lessor of residential and commercial units, had the following date for the 1st and 24 quarters of 2020: Lease of Residential Units Monthly rental of P13,000/unit Monthly rental of P18 000/unit Lease of commercial units Input vat from vat suppliers Gross Receipts 1st Quarter P2,500,000 1,000,000 2,300,000 150,000 2nd Quarter P2,300.000 1,200,000 2.400.000 120,000

PROBLEM NO. 4 Juan Dela Cruz, non-VAT registered lessor of residential and commercial units, had the following date for the 1st and 24 quarters of 2020: Lease of Residential Units Monthly rental of P13,000/unit Monthly rental of P18 000/unit Lease of commercial units Input vat from vat suppliers Gross Receipts 1st Quarter P2,500,000 1,000,000 2,300,000 150,000 2nd Quarter P2,300.000 1,200,000 2.400.000 120,000

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter18: Accounting Periods And Methods

Section: Chapter Questions

Problem 47P: How do the all events and economic performance requirements apply to the following transactions by...

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