lOMoARcPSD|14968358
Quizzers on Percentage Taxation
ACCOUNTANCY (Manuel L. Quezon University)
StuDocu is not sponsored or endorsed by any college or university
Downloaded by MAUREEN CHAYE TOLEDO (maureenchaye.toledo@cvsu.edu.ph)
lOMoARcPSD|14968358
Northern CPAR: Taxation – Quizzer on Percentage Tax
NORTHERN CPA REVIEW
th
4 Floor Pelizloy Centrum, Lower Session Road, Baguio City, Philippines
Mobile Numbers: SMART 09294891758 & GLOBE 09272128204
E-mail Address: ncpar@yahoo.com
REX B. BANGGAWAN, CPA, MBA
TAXATION
PERCENTAGE TAX QUIZZER
1. A tax on business is –
a. Direct tax
b. Indirect tax
the above
c. Property tax
d. None of
2. A is the owner of a small variety store. His gross sales in any one year do not exceed
P1,500,000. He is not VAT registered. The following data are taken from the books of
the variety store for the quarter ending March 31, 2007:
Merchandise inventory, December 31, 2006
P100,000
Gross sales
450,000
Purchase from VAT-registered supplies
350,000
The percentage tax due is
a. P10,000
b. P13,500
c. P16,500
d. None
3. In the third quarter of 2007, a tax payers engaged in the sale of services whose annual
gross receipts do not exceed P1,500,000 has the following data
Accounts receivable, beginning of the quarterP 50,000
Sales during the quarter
100,000
Accounts receivables, end of the quarter
75,000
Purchase of supplies, total invoice amount
11,200
The percentage tax due for the quarter is
a. P2,250
b. P3,000
c. P7,500
d. P6,500
4. Which of the following statements is incorrect?
a. A taxpayers whose annual gross receipts/sales exceed P1,500,000 shall pay VAT
even if he is not VAT registered
b. A taxpayer whose annual gross receipts/sales do not exceed P1,500,000 but who is
VAT-registered shall pay VAT
c. Percentage tax maybe imposed together with VAT
d. Percentage tax maybe imposed together with excise tax
5. Which of the following taxes is not replaced by the value added tax law?
a. Common carrier’s tax
b. compensating tax
c. Contractor’s tax d. Sales tax
on original sales
6. Benjamin owns the following businesses/establishments:
Annual Gross Receipts
I.
Restaurant
P1,350,000
II.
Barbershop
625,000
III.
Seller of agricultural food products
1,875,000
Which combination will subject Benjamin to VAT?
a. I only
b. I and II
c. I, II and III
d. None
Jansen owns a restaurant which has annual gross receipts ranging from P400,000 to
P450,000. In January, the gross receipts amounted to P27,500 while purchases of goods
subject to VAT is P6,000 and not subject to VAT, P13,000.
7. If Jansen is a non-VAT registered taxpayer, his percentage tax due for the month is –
a. P12,000
b. P1,900
c. P825
d. P2,500
8. Assuming that Jansen is a VAT-registered taxpayer and the amounts indicated are
exclusive of VAT, the value-added tax due is –
a. P12,000
b. P1,900
c. P2,580
d. P2,500
9. Johnny operates two (2) pedicabs, two (2) passenger jeepneys plying the route
Trinidad-Baguio in Baguio City, and three (3) cargo trucks. The gross receipts for the
month are:
Jeepney No. 1 – P22,000
Jeepney No. 2 – 23,300
Driven for real excellence!
Truck No. 1 – P 7,250
Truck No. 2 – 8,500
TAX by Rex B. Banggawan, CPA, MBA
1
TAX – 4th Batch – Q13-2
Downloaded by MAUREEN CHAYE TOLEDO (maureenchaye.toledo@cvsu.edu.ph)
lOMoARcPSD|14968358
Northern CPAR: Taxation – Quizzer on Percentage Tax
Pedicab No. 1 –
Pedicab No. 2 –
800
1,000
Truck No. 3 – 14,000
The percentage tax due on Johnny is –
a. P831
b. P795
c. P1,359
d. P1,413
Benny Transport Company is a transportation contractor. During the month, it had the
following gross receipts:
From transport of passengers
P 485,000
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) 30,000
Payments to VAT registered persons during the month amount to P 99,000
10.The percentage tax due is –
a. P22,740
b. P21,150
c. P7,590
d. P15,450
11.Assuming that the amounts given do not include the tax, the value-added tax due is –
a. P23,000
b. P18,480
c. P59,909
d. None
Pagong Lines is engaged in provincial transport operation. It has the following gross
receipts in June:
Bus 1 (carriage of goods, P8,000)
P 100,000
Bus 2 (carriage of goods, P3,500)
65,000
Salaries of drivers an conductors
25,000
Cost of oil and gasoline
160,000
Taxi
30,000
Jeepney
22,000
Cargo truck
45,000
Sea vessel
250,000
During the month, Bus 1 was bumped by another bus owned by D Tulak Lines and
paid Pagong Lines P20,000 for the damage done.
12.The percentage tax due on Pagong Line in June is –
a. P6,180
b. P6,165
c. P14,430
d. P5,730
13.The output tax on Pagong Lines is –
a. P37,380
b. P31,150
d. P36,780
c. P33,375
Love Bus Transport Company operates ten (10) units of buses. During the month, it had
the following data in its books:
Receipts from passengers
Receipts from cargoes
Receivables for transport of passengers
Receivables for transport of cargoes
Payments for repair of transport units
Salaries of personnel
Purchase of spare parts
Registration with LTO
Premiums on insurance
P2,000,000
500,000
15,000
5,000
30,000
300,000
60,000
10,000
15,000
14.How much is the percentage tax payable?
a. P60,000
b. P60,450
c. P39,000
d. None
15.How much is the VAT payable?
a. P39,600
b. P43,800
d. P57,480
c. P39,000
16.Common carrier 1: Domestic sea or air carriers for passengers or cargoes.
Common carrier 2: International sea or air carriers for passenger or cargoes.
What is the respective business tax rate on the common carriers identified above if
they travel from the Philippines to a foreign country?
a.
b.
c.
d.
Common Carrier 1 Common Carrier 2
0%
3%
3%
3%
0%
0%
12%
3%
Driven for real excellence!
TAX by Rex B. Banggawan, CPA, MBA
2
TAX – 4th Batch – Q13-2
Downloaded by MAUREEN CHAYE TOLEDO (maureenchaye.toledo@cvsu.edu.ph)
lOMoARcPSD|14968358
Northern CPAR: Taxation – Quizzer on Percentage Tax
17.ABC Corporation is a holder of franchise to operate transporation units in land. The
records for the month show (net of any tax):
Cargo
Passenger
Gross receipts from transporting
P 2,000,000
P 3,000,000
VAT Supplier’s
P800,000
Payments to
The percentage tax due is
a. P150,000
b. P60,000
Non-VAT Supplier’s
P300,000
c. P90,000
d. P144,000
18.Using the preceding number, but the franchise is for air and sea transport, within the
Philippines, the VAT due is
a. P144,000
b. PP600,000
c. P468,000
d. P504,000
19.Using the preceding number, but the route is from the Philippines to foreign country,
which of the following is correct?
a. The corporation is exempt from VAT
b. The corporation is subject to percentage tax
c. The output VAT is 0, hence the corporation cannot claim input tax
d. May claim a refund or credit the input taxes against other internal revenue taxes
20.One of the following is subject to common carrier’s tax
a. Owners banca
b. Owners of animal-drawn two wheeled vehicles
c. Common carriers by land for transport of goods or cargoes
d. Common carriers by land for transport of passengers
21.A person whose business is to keep automobile for hire or keep them stored for use or
order
a. Keepers of garage
c. Taxicab operators
b. Common Carrier
d. Tourist bus operator
22.What is the proper business tax for A and B who are both engage in keeping
automobile for hire.
a.
b.
c.
d.
Keepers of Garage A
with gross receipts
exceeding P1,500,000
Value added tax
Value added tax
Percentage tax
Percentage tax
Keepers of Garage B with
gross receipts not
exceeding P1,500,000
Value added tax
Percentage tax
Value added tax
Percentage tax
23.A, operates a ferryboat. During a particular quarter, its receipts consists of the
following
Gross receipts: (without VAT)
Transport of passengers
P
1,000,000
Transport of goods
1,500,000
Transport of cargoes
500,000
The common carrier’s tax payable is
a. P30,000
b. P90,000
c. P100,000
d. None
24.Using the data above, the output VAT is
a. P360,000
b. P90,000
c. P100,000
d. P240,000
25.The franchise tax of grantees of radio and television broadcasting whose annual gross
receipts of the preceding year do not exceed P10,000,000 shall be
a. 2% of the gross receipts
c. 4% of the gross receipts
b. 3% of the gross receipts
d. 5% of the gross receipts
26.LAS Corporation is a common carrier operating several units of transportation by
land, air and sea. It had the following data on gross receipts for the month of April
(tax not included):
From
To
Land
Cargoes
Passenger
Cargoes Passenger
Phils
Phils P400,000
P1M
P1M
Phils
Abroad
P1.8M
Driven for real excellence!
Air
Cargoes
P800,000
TAX by Rex B. Banggawan, CPA, MBA
Sea
Passenger
P2M
P1.6M
P1.4M
3
TAX – 4th Batch – Q13-2
Downloaded by MAUREEN CHAYE TOLEDO (maureenchaye.toledo@cvsu.edu.ph)
lOMoARcPSD|14968358
Northern CPAR: Taxation – Quizzer on Percentage Tax
Required: Determine the output VAT due for the month.
27.Sealiner Ferries transports passengers, goods and cargoes between the islands of
Cebu and Bohol. During 2009, it disclosed the following gross receipts, net of any
business taxes:
Transport of passengers
P2,000,0
00
Transport of goods
1,000,00
0
Transport of cargoes
500,000
Compute the Output Vat and the percentage tax respectively.
a. P420,000; P105,000
c. P180,000; P60,000
b. P0; P105,000
d. P420,000; P0
28.Congress enacted a law imposing a 5% tax on gross receipts of common carriers. The
law does not define the term ‘gross receipts’. Express Transport, Inc., a bus company
plying the Manila – Baguio route, has time deposits with ABC Bank. In 2005, Express
Transport earned P1,000,000 after deducting the 20% final withholding tax from its
time deposits with the bank. The BIR wants to collect a 5% gross receipt tax on the
interest income of Express Transport deducting the 20% final withholding tax. Is BIR
correct?
a. Yes, gross receipts mean cash collected whether actually or constructively without
any deductions.
b. Yes, gross receipts means all cash collections actually received without any
deductions
c. No, gross receipts means actual receipts after deducting the withholding tax
d. No, gross receipts means actual receipts after deducting tax credits.
29.One of the following is not subject to the 3% percentage tax
a. International air carrier doing business in the Philippines
b. International shipping carrier doing business in the Philippines
c. Domestic carriers and keepers of garage
d. Franchise grantee of the electric utilities
30.Franchise grantees of the city gas and water utilities are subject to franchise tax of
a. 2%
b. 3%
c. 4%
d. 5%
31.A, is a holder of franchise to sell electricity. In a particular quarter, its gross receipts
amounted to P2,000,000 from sale of electricity. It has also receipts from the lease of
its auditorium and theater amounting to P600,000. The percentage tax due for the
quarter is
a. P40,000
b. P60,000
c. P100,000
c. None
32.A is a Radio-TV broadcasting franchise grantee. During the preceding year, its gross
receipts did not exceed P10,000,000. Durin gthe first quarter of the currents year, it
has the following data:
Gross receipts, sale of airtime
P2,000,000
Gross receipts, use of radio station’s communication facilities
500,000
Business expenses
700,000
The franchise tax due for the first quarter is
a. P60,000
b. P40,000
c. P75,000
d. P39,000
33.The franchise tax on grantees of radio and television broadcasting companies whose
annual gross receipts in any year do not exceed P10,000,000 shall be
a. 1% of gross receipts
c. 3% of gross receipts
b. 2% of gross receipts
d. 4% of gross receipts
Radio station DZWT has an annual gross receipts ranging from P4,000,000 to
P5,000,000. During the month, it had a gross receipts from advertisements of P330,000
(net of tax), while the disbursements subject to VAT amounted to P224,000, inclusive of
tax.
34.How much franchise tax is payable by DZWT?
a. P30,000
b. P9,900
c. P50,000
d. P10,000
35.How much is the VAT payable if it is registered under the VAT system?
a. P10,000
b. P9,900
c. P11,357
d. P15,600
36.Amounts received for overseas dispatch, message or conversations originating from
the Philippines are subjects to
a. 3% franchise tax
c. 2% franchise tax
b. 10% overseas communication tax
d. 10% VAT
Driven for real excellence!
TAX by Rex B. Banggawan, CPA, MBA
4
TAX – 4th Batch – Q13-2
Downloaded by MAUREEN CHAYE TOLEDO (maureenchaye.toledo@cvsu.edu.ph)
lOMoARcPSD|14968358
Northern CPAR: Taxation – Quizzer on Percentage Tax
Too Big Company, a public service company, is a holder of a franchise to engage in the
business of supplying water to several towns and cities in Luzon. As recorded in its books
during the month, its total gross receipts from the sale of water amounted to P
2,550,000, while the receipts from rental of equipments and other services was
P280,000. The operating expenses amounted to P2,000,000, 11% of which was paid to
VAT registered persons.
37.The percentage tax due is –
a. P51,000
b. P5,000
c. P16,500
d. P56,500
38.The value-added tax payable for the month is –
a. P33,600
b. P5,000
c. P16,500
d. P7,200
39.A tax on the right or privilege to enter places of amusement
a. VAT
c. Amusement tax
b. Franchise tax
d. Income tax
40.One of the following is not subject to amusement tax on gross receipts
a. Disco houses
c. Professional basketball
b. Cockpits
d. Bowling alleys
41.A operates a cockpit. Inside the cockpit, he also operates a restaurant. Data for the
particular quarter follow
Gross receipts:
Cockpit operations
P
500,000
Restaurant operation:
Sale of foods
100,000
Sale of liquor
150,000
The amusement tax due from A is
a. P90,000
b. P135,000
c. P225,000
d. P75,000
42.Using the above data, except the restaurant is not owned by A but is owned by
another person, B, not VAT registered and whose annual gross sales never exceeded
P1,500,000. The amusement tax due from A is
a. P90,000
b. P135,000
c. P225,000
d. P75,000
43.Continuing the preceding number, the percentage tax due from B is
a. P90,000
b. P135,000
c. P225,000
d. P7,500
44.A promoted a world boxing championship in Manila featuring B, a Filipino champion.
Gate receipts amounted to P3,000,000 and additional receipts from television
coverage was P2,000,000. The amusement tax due is
a. None
b. P500,000
c. P300,000
d. P900,000
45.Assuming that the above data is not a world championship but a Philippine national
boxing championship, how much is the amusement tax?
a. None
b. P500,000
c. P300,000
d. P900,000
Panda Hotel offers the following services to its guests and from which revenues were
derived for the month, as follows:
Revenues
Collections
Hotel rooms
P1,250,000
P984,000
Dining hall:
Sale of food and refreshments
940,000
860,000
Sale of wine, beer and liquors
780,000
620,000
Disco:
Admission fee
25,000
15,000
Sale of food and softdrinks
250,000
115,000
Sale of wines, beer and liquor
650,000
540,000
46.The amusement tax due is –
a. P110,700
b. P120,600
c. P552,240
d. P386,640
47.If Panda Hotel is subject to value-added tax, the output tax thereon is (assume the
amounts are tax inclusive) –
a. P295,680
b. P264,000
c. P218,000
d. P120,600
48.Boy Arana is the operator of Arana Coliseum. During the month, it had the following
gross receipts fro various activities, to wit:
Concert by Rosa Mia
Professional basketball
Driven for real excellence!
P 85,000
120,000
TAX by Rex B. Banggawan, CPA, MBA
5
TAX – 4th Batch – Q13-2
Downloaded by MAUREEN CHAYE TOLEDO (maureenchaye.toledo@cvsu.edu.ph)
lOMoARcPSD|14968358
Northern CPAR: Taxation – Quizzer on Percentage Tax
Amateur basketball
Billiard
36,700
45,000
The percentage tax payable by Boy Arana on the coliseum is –
a. P18,000
b. P23,505
c. P43,005
d. P24,750
49.ABC Insurance Corporation, a domestic corporation, received the following premiums
(net of any tax):
INSURANCE
Life
Fire
Marine
P 400,000 P 300,000 P 200,000
100,000
100,000
P 500,000 P 400,000 P 200,000
Cash received
Promissory notes
TOTALS
Required: Determine the following:
1) The percentage tax due is
a. P45,000
b. P55,000
c. P20,000
2) The output vat is
a. P0
c. P48,000
b. P72,000
d. P25,000
d. P60,000
Madulag Insurance Company had the following data on collections of premiums and
disbursements during the month:
Non-life insurance
Life insurance
Cash collections
P150,000
P145,700
Checks
45,000
34,600
Accounts receivable
25,200
58,900
Payments of expenses to VAT businesses
43,000
Payment of expenses to non-VAT businesses
35,000
The amounts indicated pertaining to VAT transactions do not include the value-added
tax.
50.The percentage tax due is –
a. P8,000
b. P9,750
c. P11,010
d. P9,015
51.The VAT payable is –
a. P16,476
c. P28,704
d. P63,730
b. P9,750
52.Bayani’s ticket (daily double) won P42,000, gross of withholding tax and cost of ticket,
in a horse race in San Lazaro Hippodrome. His ticket had cost him P250. Bayani had
other non-winning tickets costing P2,500. How much tax was withheld on winnings in
horse races by Bayani?
a. P1,680
b. P4,200
c. P1,670
d. P4,175
53.A horseracing enthusiast has the following winnings during a particular racing day
Total winnings (winner take all)
P10,000
Cost of winning tickets
500
The tax on winnings is
c. P950
d. Zero
a. P1,000
b. P400
27. Using the data above, but the total winnings came from double bet, the percentage
tax on winnings is
a. P1,000
b. P400
c. P950
d. P380
54.All of the following except one are liable to ½ of 1% stock transaction tax. Which one
is not?
a. Individual tax payers, whether citizens or alien
c. Estates and Trust
b. Corporate taxpayers, whether domestic or foreign
d. Dealers in securities
55.One of the following statements is incorrect
a. The ½ of 1% tax shall be collected by the brokers who made the sale and shall be
remitted within 5 banking days from the date of collection
b. The tax paid on sale of shares through local stock exchange and initial public
offering and secondary offering shall not be allowable deduction for income tax
purposes
c. The ½ of 1% tax stock transportation is a final withholding tax on income
d. The ½ of 1% tax stock transaction is collected whether there is an income or loss
and is a percentage tax
56.Chess sold the following shares of stock thru his stock broker:
Selling Price Market Value
Driven for real excellence!
TAX by Rex B. Banggawan, CPA, MBA
6
TAX – 4th Batch – Q13-2
Downloaded by MAUREEN CHAYE TOLEDO (maureenchaye.toledo@cvsu.edu.ph)
lOMoARcPSD|14968358
Northern CPAR: Taxation – Quizzer on Percentage Tax
Ex Company, not traded
P 123,670
P 114,850
Why Company, traded
65,980
62,540
See Company, traded
143,750
156,230
The percentage tax due on the above transactions is –
a. P1,667.00 b. P1,048.65
c. P1,093.85
d. P1,668.10
57.Stock Addict had the following transactions of shares of stock:
Selling Price
Cost
Sales:
Bee Corporation, not traded
P 32,450
P31,980
Cee Corporation, traded
69,780
64,321
Dee Corporation, traded
123,820
98,760
Purchases:
Eef Corporation, not traded
Gee Corporation, traded
32,415
48,657
The total percentage tax on the above transaction is –
a. P1,130.25 b. P724.89
c. P968.00
d. P815.40
58.Tito owns shares of stock of domestic corporations which are actively traded in the
Philippines Stock Exchange. Due to the unstable prices in the stock exchange, he
decided to sell the shares to the public. The data of which are as follows:
Selling Price
Cost
Gain/Loss
Vic Corporation
P230,000
P220,000
P10,000
Joey Corporation
360,000
395,000
(35,000)
The stock transaction tax is –
a. P2,950
b. P1,150
c. P50
d. Zero
59.Benzene Corporation, a closely held corporation, decided to open itself to the public.
The initial public offering of its shares had a selling price of P6,250,000 which is
22.5%of its total outstanding shares after the listing in the local stock exchange. The
percentage tax due is –
a. P31,250
b. P125,000
c. P1,406,250
d. P250,000
60.A domestic corporation paid P40,000 stock transaction tax on Initial Public Offering
(IPO) of 500,000 shares. After the IPO, there were 800,000 shares outstanding. The
selling price per share of IPO shares was
b. P8
c. P4
c. P2
a. P10
61.RFB Corporation, a closely-held corporation, has an authorized capital stock of
100,000,000 shares with par value of P1.00/share as of January 1, 2008. Of the
100,000,000 authorized shares, 25,000,000 thereof is subscribed and fully paid up by
the following shareholders:
Mr. Estigoy B. Zabala
Mrs. Rowena V. Posadas
Mr. Conrado G. Cruz
Mr. Benedict O. Sison
Mrs. Linda O. Evangelista
Total shares outstanding
5,000,00
0
5,000,00
0
5,000,00
0
5,000,00
0
5,000,0
00
25,000,0
00
RFB Corporation finally decided to conduct an IPO and initially offers 25,000,000 of
its unissued shares to the investing public for P1.50 per share. Compute the
percentage tax.
a. P380,000
c. P325,000
b. P375,000
d. Exempt
62.At the IPO, Mrs. Linda O. Evangelista has likewise decided to sell her entire 5,000,000
shares to the public at P1.50/share, compute the percentage tax due.
a. P300,000
b. P150,000
c. P75,000
d. Exempt
63.After the IPO, RFB Corporation decided to increase the capitalization by offering
another 30,000,000 unissued shares for P2.0 to the investing public. Compute the
percentage tax.
Driven for real excellence!
TAX by Rex B. Banggawan, CPA, MBA
7
TAX – 4th Batch – Q13-2
Downloaded by MAUREEN CHAYE TOLEDO (maureenchaye.toledo@cvsu.edu.ph)
lOMoARcPSD|14968358
Northern CPAR: Taxation – Quizzer on Percentage Tax
a. P 0
b. P600,000
c. P800,000
d. P1,200,000
64.After the IPO, Mr. Conrado G. Cruz decided to sell his entire 5,000,000 shares to the
public at P3.0/share, compute the percentage tax due.
a. P 0
c. P150,000
b. P 75,000
d. P300,000
65.Gross receipts tax is a business tax paid by a –
a. Hotel operator
b. Insurance company
c. Franchise holder
d. Bank
66.The China Bank, a domestic bank, shows the following data for January 2010:
Rentals from safety deposit boxes and real property acquired through
foreclosure proceeding for bad loans
Net foreign exchange gains (difference between the value of foreign
currency sold and purchased)
Net trading gains from trading of securities, commercial papers and other
financial instruments (difference between the yield or selling price and
the cost of obtaining the same)
Trust fees
Dividend from domestic corporation
Other service fees
Interest income from lending activities from instrument with remaining
term of:
Five years and less
More than five years
P
880,000
220,000
660,000
110,000
30,000
220,000
700,000
800,000
The percentage or gross receipt tax for the month is
a. P0
c. P43,000
b. P189,300
d. P104,500
67.Big bank has the following income/loss for the months of March and April:
March
April
Interest income maturity of less than 5 yearsP50,000 P 100,000
Rentals
50,000
50,000
Net trading gain/loss
(10,000)
20,000
The gross receipts taxes payable for March and April, respectively –
a. P500,000; P8,500
c. P6,000; P9,200
b. P6,000; P9,900
d. P5,300; P9,200
68.Johnny executed on December 1, 2005 a long-term 10% loan from BPI amounting to
P5,000,000 payable in 10 years with the first installment due on or before December
1, 2006. On December 1, 2009, the loan was preterminated. Assuming that all
previous percentage taxes were correctly withheld by BPI, compute the percentage
tax on pretermination.
a. P80,000
b. P85,000
c. P100,000
d. P125,000
69.Which is not subject to gross receipt tax?
a. Development Bank of the Philippines c. Philippine Land Bank
b. Philippine National Bank
d. Bangko Sentral ng Pilipinas
70.Which of the following is subject to percentage tax?
a. Derby winnings
c. Premiums on re-insurance contract
b. Cinema houses
d. Van for hire driven by lessees
----- End of Handouts -----
Driven for real excellence!
TAX by Rex B. Banggawan, CPA, MBA
8
TAX – 4th Batch – Q13-2
Downloaded by MAUREEN CHAYE TOLEDO (maureenchaye.toledo@cvsu.edu.ph)
lOMoARcPSD|14968358
Northern CPAR: Taxation – Quizzer on Percentage Tax
Driven for real excellence!
TAX by Rex B. Banggawan, CPA, MBA
9
TAX – 4th Batch – Q13-2
Downloaded by MAUREEN CHAYE TOLEDO (maureenchaye.toledo@cvsu.edu.ph)