Victory Transport Company is a transportation contractor. During the month, it had the following gross receipts: From transport of passengers P 490,000 From transport of cargo 220,000 From rental of its cargo trucks to individual lessees 33,000 From rental of its "rent-a-car" to balikbayans (with chauffeur) 35,000 The percentage tax due is –
Victory Transport Company is a transportation contractor. During the month, it had the following gross receipts: From transport of passengers P 490,000 From transport of cargo 220,000 From rental of its cargo trucks to individual lessees 33,000 From rental of its "rent-a-car" to balikbayans (with chauffeur) 35,000 The percentage tax due is –
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Victory Transport Company is a transportation contractor. During the month, it had the following
gross receipts:
From transport of passengers P 490,000
From transport of cargo 220,000
From rental of its cargo trucks to individual lessees 33,000
From rental of its "rent-a-car" to balikbayans (with chauffeur) 35,000
The percentage tax due is –
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