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1.

Which of the following is not summary


remedy of the Government to enforce
tax collection?
a. Distraint
c. Levy
b. Civil Action

b.
protection

clause
Equal

d.
Progressivism
clause

d. Tax Lien

2. Which of the following cases may not be


compromise by the Bureau of Internal
Revenue Commissioner?
a. Delinquents accounts
b. Cases under administrative protest
c. Fraud cases
d. Cases covered by pre-assessment
notice
3. A fifty (50%) percent surcharge shall be
impose on:
a. Failure to file any return and pay the
tax due thereon.
b. Failure of return with an internal
officer other than those designated
by law.
c. Willful neglect to file a tax return as
prescribed by law.
d. Failure to pay deficiency tax within
the prescribed period required by
law.
4. The
legal
interest
rate
for
tax
delinquency is?
a. Six (6% percent.
b. Eight (8%) percent.
c. Twelve (12%) percent.
d. Twenty (20%) percent.
5. Which of the following is not a requisite
of
tax
regulations
(BIR
revenue
regulations):
a. It must be reasonable and germane
to the purpose of the law.
b. It must be within the authority
conferred or under the color of valid
title.
c. It
must
be
given
retroactive
application.
d. It must be published.
6. It is said that taxes are what we pay for
civilized society. Without taxes, the
government would be paralyzed for lack
of the motive power to motivate active
and operate.
a. Lifeblood theory
c.
Benefitprotection theory
b. Necessity theory

clause

d.
Reciprocal
theory

7. The power to tax is exclusively lodged


with the legislature, however, there are
exceptions provided by the Constitution,
which of the following is not:
a. Authority of the President to fix tarif
rates, import and export quotas,
tonnage and wharfage dues, and
other duties and imposts
b. Power of local government units to
levy taxes, fees and charges.
c. Delegation
to
administrative
agencies for implementation and
collection of taxes.
d. Designation to private entities the
enforcement and collection of taxes.
8. Which of the following is the least
Constitutional limitations?
a. Due process c. Non-impairment

9. The following taxes, fees and charges are


deemed to be national revenue taxes,
except:
a. Documentary stamp taxes
b. Community taxes
c. Excise taxes
d. Income taxes
10. Which of the following is not an authority
of the Bureau of Internal Revenue
Commissioner?
a. Authority to administer oaths and to
take testimony
b. Authority to make arrests and
seizures
c. Authority to deputized members of
the Armed Forces of the Philippines
and members of the Philippine
National Police to enforce tax laws
d. Authority to assign or reassign
internal
revenue
officers
and
employees of the BIR to other special
duties
connected
with
the
enforcement or administration of the
tax laws
11. Which of the following is correct?
a. A protest should be filed by the
taxpayer, otherwise the assessment
becomes final and no longer be
questioned in court
b. A protest may be filed by the
taxpayer anytime before the BIR
collects the tax
c. The assessment should be made by
the BIR collects the tax
d. The assessment shall include only
tax proper
12. Which of the following statements is
correct?
a. A pre-assessment notice shall be
required before an assessment may
be made.
b. The taxpayer shall be informed of the
law and the facts on which the
assessment is made, otherwise the
assessment shall be void.
c. The Commissioner may refund a tax
even without a claim refund from the
taxpayer where on the face of the
return upon which the payment was
made, such a payment clearly
appears to have been erroneously
made.
d. A suit may be brought even after the
lapse of two years from the date of
payment, if any supervening cause
arises after payment.
13. The authorities of the BIR commissioner
include the following, except:
a. Compromise the payment of any
internal revenue tax.
b. Abate a tax liability
c. Credit or refund tax that had been
erroneously received
d. Inquire into bank deposit
14. The following are grounds to cancel a tax
liability by the BIR commissioner, except

a. The tax unjustly or excessively


assessed
b. The administration and collection
costs involved do not justify the
collection of the amount of tax
c. A reasonable doubt as to the validity
of the claim against the taxpayer
d. Illegal collection of tax
15. Which of the following not a requisite to
toll the collection of taxes to be made by
the Bureau of Internal Revenue, upon
proof of the following to the Court of Tax
Appeals:
a. It will jeopardize the interest of the
taxpayer;
b. It will jeopardize the interest of the
Government;
c. Filing of a bond double the amount of
tax assessed;
d. The case is not dilatory.
16. The following persons signature must
appear in the corporations income tax
return, except:
a. President
c. Treasurer
b. Vice President

d.
Auditor

External

17. Deduction for funeral expenses shall be


allowed, except:
a. Only if paid out of the estate
b. For a non-resident alien limited to
amount that was actually incurred in
the Philippines
c. Shall in no case to exceed 5% of the
gross estate
d. Shall in no case to exceed P200,000
18. Which of the following is deductible from
the gross estate?
a. Income tax paid on income received
after death
b. Property taxes not accrued prior to
death
c. Estate tax paid to a foreign country
d. Donors tax accrued prior to death
19. Which one is incorrect? Losses are
deductible if:
a. Arising from natural calamity or
fortuitous event
b. Not compensated by insurance
c. A property included in the Philippine
gross estate
d. Incurred during the settlement of the
estate
20. Deductions from gross estates for
transfers for public purposes, except
a. Means legacy in a last will and
testament to the government
b. Means device in the last will to the
government
c. Include any kind of transfer in favor
of the government
d. Do not include legacies to charitable
institutions
21. Which of the following is not an attribute
of characteristic of taxes?
a. A tax is a forced charge
b. It is payable in money
c. It is progressive

d. It is levied for public purposes


22. Importance of taxes is:
a. It is the lifeblood of the Government
b. It is personal to the taxpayer
c. It is a revenue measure
d. It is for public purpose
23. Which of the following is not a nature of
taxing power?
a. It is an attribute of the sovereignty.
b. It is inherent in the state.
c. It
is exclusively
exercised
by
legislature.
d. It is plenary, comprehensive and
unlimited.
24. Taxes proceed upon the theory that the
existence of the government is a
necessity; it cannot continue without the
means to pay its expenses; and for those
means, it has the right to compel all
citizens and property within its limits to
contribute
a.
Benefit- c.
Lifeblood
Protection Theory
Theory
b.
Theory

Necessity

d.
Territoriality
Theory

25. Which of the following will not interrupt


the running of the prescriptive period for
assessment and collection of taxes:
a. When the Commissioner is prohibited
from making the assessment or
beginning distrait and levy or a
proceeding in court and for thirty
(30) days thereafter.
b. When the taxpayer requests for the
reinvestigation which is granted by
the Commissioner.
c. When the taxpayer is out of the
Philippines.
d. When the taxpayer cannot be
located in the address given by him
in the return.
26. Which of the following are not deputized
agents for the collection of national
internal revenue taxes?
a. The Commissioner of Customs and
his subordinates with respect to the
collection
of
national
internal
revenue taxes on imported articles.
b. The
head
of
the
appropriate
government
office
and
his
subordinates with respect to the
collection of energy tax.
c. Banks duly accredited by the
Commissioner with respect to receipt
of payments of internal revenue
taxes authorized to be made through
banks.
d. Any officer or employee of an
authorized agent bank assigned to
transmit tax returns.
27. Occupying the forefront of tax law
enforcement is the:
a. Department of c.
Legislative
Finance
Department
b. Bureau of Internal
Revenue

d.
Executive
Department

28.

The powers and duties of the Bureau


of Internal Revenue comprehend the
following, except?
a. Assessment and collection of all
national and local revenue taxes.
b. Enforcement
of
all
forfeitures,
penalties and fines in connection
connected with the collection of
national internal revenue taxes.
c. Execution of judgment in all cases
decided in its favor by the Court of
Appeals, and the ordinary courts.
d. Efecting and administering the
supervisory
and
police
powers
conferred to it by the Tax Code or
other laws.

29. The power to interpret the provisions of


the Tax Code and other tax laws shall be
under
the
exclusive
and
original
jurisdiction of the:
a. The Commissioner of the BIR
b. The Secretary of Finance
c. The Court of Tax Appeals
d. The Regular Courts
30. The
power
to
decide
disputed
assessments, refunds of internal revenue
taxes, fees or other charges, penalties
imposed in relation thereto, or other
matters arising under the Tax Code or
other laws administered by the Bureau of
Internal Revenue is vested with:
a. The Commissioner of the BIR
b. The Secretary of Finance
c. The Court of Tax Appeals
d. The Regular Courts
31. It
is
the
official
action
of
an
administrative officer in determining the
amount of tax due from a taxpayer, or it
may be a notice to the efect that the
amount stated therein is due from the
taxpayer with a demand fro payment of
the tax or deficiency stated therein.
a. Tax investigation
b. Tax audit
c. Tax assessments
d. Tax mapping
32. To escape a liability for a deficiency
estate tax, after paying the estate tax,
must secure a written discharge of
personal liability from:
a. The heirs
b. The commissioner
c. The probate court
d. The court where the estate is being
settled
33. When an estate is settled extra-judicially,
the estate tax return may be filed and
paid:
a. By any of the heirs, with the right of
reimbursement from the other heirs
b. Only by the heir with written
authority from the other heirs
c. By each of the heirs, the payment
being for his distributive share in the
estate tax
d. None of the above
34. For a finding a fraudulent return by the
BIR to prosper:

Statement No. 1: Fraud must be


intentional, consisting of deception
willfully and deliberately done or
resorted to in order to avoid payment of
the tax.
Statement No. 2: Fraud cannot be
presumed
but
must
be
proved.
Fraudulent intent can not be deducted
from mistakes however frequent they
may be, especially if, such mistakes
emanate from erroneous classification of
items in accounting methods utilized for
determination of tax liabilities.
a.
b.
c.
d.

True; False
True; True
False; True
False; False

35. Net capital loss carryover will not be


claimed by, except:
a. Individual taxpayers
b. Estate taxpayers
c. Trust taxpayers
d. Corporate taxpayers
36. Decedent who is married with a surviving
spouse and one legitimate child and two
illegitimate children. Left the following
properties.
Real properties
P3,000,000
Family home
Other
real
(exclusive)

1,000,000
property

2,000,000

Family lot (exclusive)

400,000

Funeral expenses

300,000

Taxes and losses

1,300,000

Medical expenses

1,000,000

What is the total net taxable estate?


a.
b.
c.
d.

P1,250,000
P2,250,000
P1,150,000
P2,450,000

37. The following are the reasons which


necessitates
the
filing
of
an
administrative claim for refund with the
BIR, except:
a.
To aford the Commissioner
an opportunity to consider the claim.
b.
To give the Commissioner a
chance to correct the errors of
subordinate officers.
c.
To notify the Government that
such taxes have been questioned
and the notice should be borne in
mind in estimating the revenue
available for expenditures.
d.
To give ample time to the
Commissioner in preparing the cash
to be disbursed for the taxpayers
refund.
38. 1st Statement: A resident corporation is
allowed to deduct depreciation expense
regardless of the propertys location.
2nd Statement: A private educational
institution may at its option elect either

to deduct capital expenditures during the


taxable year or to deduct allowable for
depreciation thereof.
a.
b.
c.
d.
39.

True; False
True; True
False; True
False; False

The estate tax imposed by Section


84 of the tax code shall be paid

a. within thirty (30) days from the


decedents death.
b. Within sixty (60) days from the decedents
death.
c. At the time the return is filed by the
executor, administrator, or the heirs.
d. At the time the notice of death is given to
the BIR Commissioner.
40.

a.

b.

c.

d.

41.

Which statement is false about succession?


The
successor
inherits
all the transmissible
property of a decedent including
his liabilities.
The successor can
be made liable for the obligations
of the decedent beyond the value
of the asset he received.
In succession, fruits
and credits maturing after the
death of the decedent pass to the
heirs even if they were not
subjected to estate tax.
In succession, the
successor
can
refuse
the
inheritance.

Which of the following statements is


not correct?
a.

No judge shall order a distribution


of any part of the estate to an heir
without a certification from the
Bureau of Internal Revenue that the
tax has been paid.
b.
A bank shall not allow the codepositor of a deceased to withdraw
from the joint bank account without a
certification from the Bureau of
Internal Revenue that the tax has
been paid.
c.
No Register of Deeds shall
transfer to any heir the title of a
decedent to real property without a
certification from the Bureau of
Internal Revenue that the tax has
been paid.
d.
None of the above.
44 . When an estate is settled extrajudicially, the estate tax return may be
filed and the estate tax paid:
a.

By any of the heirs, with a right


or reimbursement from the other
heirs.
b. Only by the heir with written
authority from the other heirs.
c. By each of the heirs, the payment
being for his distributive share in the
estate tax.
d. None of the above.

45. Which of the following statements is


false? When an estate tax return had
been filed and the estate tax had
been paid but subsequently, because
of errors in the return, a deficiency
estate tax has to be paid:
a.
The Bureau of Internal Revenue
can ask payment from the heirs to
whom
the
estate
had
been
distributed.
b.
The Bureau of Internal Revenue
cannot
ask
the
executor
or
administrator to pay because he
would have been discharge from
liability for the estate tax to the
state, the estate and the heirs once
the estate tax has been paid.
c.
The Bureau of Internal Revenue
can still ask the executor or
administrator to pay, even if the
heirs have dissipated the inheritance,
if the executor or administrator did
not ask for a written discharge from
liability from the Bureau of Internal
Revenue.
d.
The Bureau of Internal Revenue
shall have a lien on the properties of
the estate once a demand for
payment had been made.
46. Makikiraan
Po
Transportation
Company is a holder of a franchise to
operate twelve (12) units of buses in
the Ilocos Region. It also owns a gas
station, which is used exclusively to
load its own buses although in very
rare instances it is accepting repair
jobs from outsiders. During the
month of December 2007, it had the
following gross receipts.
From the buses
P280,000
From the gas station
300,000
From the garage
12,000
How much is the common carriers tax
payable?
a. P17, 760
b. P8,760

c. P 8,400
d. P17,400

47. Using data above, the common


carriers tax is payable by Makikiraan
Po
Transportation
without
any
penalty on or before a. January 10, 2008
b. January 20, 2008
c. January 15, 2008
d. January 25, 2008
48. Helow Po Co. is a franchise to
operate
a
private
telephone
company. During the period, it had
the following gross receipts:
Domestic
long
distance
calls
P137,500
Local regular bills from customers
220,000
Overseas calls from the Philippines to
other
countries
340,000

Purchases,
209,000

VAT

inclusive

The overseas communications tax is


a. P34,000
b. P78,500

b. P36,500
d. Zero

49. The value added tax payable by the


company is
a. P20,507
b. P22,393
b. P42,900
d.
None
50. Fani Lyn operates the Plastic Maam
Nightclub in Quezon City. Her gross
receipts on February, 2007 amounted
to P126,700. The foods and drinks
being served inside the nightclub are
being delivered by Malakas, a nonVAT taxapayer to Fani Lyn. During the
month, Malakas sold P32,400 worth
of foods and drinks to Fani Lyn
The amusement tax payable is
a. P19,005
b. P22,806
c. P28,638
d. P5,832
51. Nikki Corporation has the following
transactions during the year:
Gross income, Philippines business
P1,600,000
Gross income, Hongkong business
400,000
Business expense, Philippines
900,000
Business expense, Hongkong
100,000
Interest connected with Philippine business
60,000
Interest connected with Hongkong business
40,000
Interest connected with business in the Phil.
and Hongkong
100,000
Business expense which cannot be allocated
120,000

Allowable operating expenses of common


clinic
30,000
Premium on health insurance of family
10,000
Hubert will report a taxable net income, after
personal and additional exemptions, of:
a. P177,000
c. P124,600

1. Wagering losses at Casino Filipino


P86,000
Note: Wagering winnings amounted to
P14,000
2. Loss on sale of company car to Red Co.
54,000
Note: Miriam Santiago owns 60% of the
stocks of Red Co.
3. Loss on sale of office computers to Miriam
Sto. Domingo,
cousin of Miriam
Santiago
40,000
The deductible loss of Mirriam Santiago is:
a. P190,000

Professional fees from common clinic


P 140,000
Salary of Hubert as professor
120,000
Royalty of Hubert as book author
60,000
Salary of Winnie as professor
84,000
Prize won by Winnie
8,000
Interest on Notes Receivable of spouses
12,000

b. P104,000

c. P54,000

d. None

Bogok, Manager of Tongek Co., receives a


monthly salary of P120,000. On January
15, 2007, Bogok received a bonus for
services rendered in 2006 in the form of
200 shares of stock of Tongek Co. Said
shares have a par value of P120 per
share and a fair market value of P240
per share at the time of receipt on
January 15, 2007. Its fair market value in
2004 was P210 per share.
Bogok shall report income from
bonus in the amount of:
a. P48,000
b. P42,000

P464,000
P530,000
P640,000
P940,000

52. Hubert and Winnie, spouses, have


five (5) minor dependent children.
They are both physicians. In 2007,
their records show the following
income and expenses:

d. P117,000

53. Miriam Santiago, a business woman,


incurred the following losses in 2006:

If taxpayer is a resident foreign corporation,


its net income subject to tax in the
Philippines is:
a.
b.
c.
d.

b. P147,000

c. P24,000
d. None of the above

53.

Angelei Corporation
organized in 2000, has the following
records in 2007:
Sales
Cost of sales
P430,000
Operating expenses
1,585,000

P2,100,000

For the year 2007, Angelei


Corporation shall pay corporate
income tax in the amount of:
a. RCIT of P27,200
b. MCIT of P33,400

c. MCIT of P29,750
d. RCIT of P28,050
5
4
.

59.

First statement:

The donors tax shall apply


otherwise, whether the gift
property is real or personal, ta

Second statement:

Any contribution in ash or in


coalition of parties for campa
tax.

The common characteristics of transfer taxes


is:
a The transfer of property is onerous.
.
b The transfer of property takes efect during
. the lifetime of the transferor.
c
.

The transfer of the property takes efect


upon the death of the transferor.

a.

Both statements are correct.

b.

Both statements are incorrect.

c.

Only the first statement is correct.

d.

Only second statement is correct.

d The transfer of property is gratuitous.


.

5
5
.

Estate tax as distinguished from donors tax


is:

6
0
.

First
distincti
on:

The rates for donors tax are


lower than those for the estate
tax.

b There is no optional valuation date.


.

Second
distincti
on:

In donors tax, the exemption is


P100,000 while in estate tax it is
P200,000.

c Payment is made as the return is filed.


.

a Both distinctions are correct.


.

d Notice is not needed.


.

b Both distinctions are wrong.


.

a Exemption is P200,000.
.

56.

5
7
.

Donors tax distinguished from estate tax:

The following are requisites of a donation for purposes of


c First distinction is correct, the second is
the donors tax, except one:
. wrong.
a.

Capacity of the donor.

b.

Capacity of the donee.

c.

Delivery of the subject matter.

d.

Donative intent.

d First distinction is wrong, the second is


. correct.

6
1
.

First
stateme
nt:

Gifts in favor of an educational


and/or religious organization are
exempt from donors tax.

It is an act of liberality where a person


disposes gratuitously of a thing or right in
favor of another who accepts it.

Second
stateme
nt:

Transfers to educational and/or


religious organization are exempt
from estate tax.

a Succession
.

c Donation
.

a Both statements are correct.


.

b Remission
.

d Taxation
.

b Both statements are incorrect.


.
c Only the first statement is correct.
.

5 One of the following donations must be


8 in public instrument.
.
a Donation of real (immovable) property.
.
b Donation
of
tangible
. (movable) property.

personal

c Donation
of
intangible
. (movable property.

personal

d Donation inter vivos.


.

d Only second statement is correct.


.

6
2
.

First
stateme
nt:

The commissioner shall have


authority to grant in meritorious
cases, a reasonable extension of
not more than 30 days for filing
the donors tax return.

Second
stateme
nt:

In case of gifts made by


nonresidents, the return may be
filed with Philippine Embassy or
Consulate in the country where
he is domiciled at the time of the
transfer, or directly with the

Office of the Commissioner.

1.

c Only the first statement is correct.


.

To
supplement
and
prevent
circumvention of the estate tax.
2. To prevent avoidance of income
taxes through the devise of splitting
income amount numerous donees to
escape the efect of the progressive
rates of income taxation.
3. To make the act of receiving a gift
taxable.
4. To subject all properties wherever
situated to gift tax.
a 1 and 2 only
.

d Only second statement is correct.


.

b 1 and 3 only
.

First
stateme
nt:

c 2 and 3 only
.

a Both statements are correct.


.
b Both statements are incorrect.
.

6
3
.

In donation mortis causa, it is the


donors death that determines the
acquisition of, or the right to the
property; and that it is revocable
at the will of the donor.

Second
stateme
nt:

d 3 and 4 only
.

In donation inter vivos, its efect is


produced while the donor is still
alive.
6
6
a Both statements are correct.
.
.

First
stateme
nt:

With the exception of moderate


donations for charity or on
occasions of family rejoicing or
distress, neither spouse may
donate any community or conjugal
property without the consent of
the other.

Second
stateme
nt:

Transfer of any right or interest in


property, but less than title to take
efect during the lifetime of the
transferor
and
transferee
is
subject to donors tax.

b Both statements are incorrect.


.
c Only the first statement is correct.
.
d Only second statement is correct.
.

6 First
4 questio
. n:

Second
questio
n:

Is
donative
intent
always
essential to constitute a gift? No.
Where the property, other than
real property classified as capital
assets, is transferred for less
than an adequate and full
consideration
in money or
moneys worth, the diference
between the fair market value at
the time of transfer and
consideration received is subject
to donors tax.
How is the gift of conjugal
partnership property made by
the spouses treated for donors
tax purposes? The gift is taxable
to the husband being the head
of the family as long as the wife
gives consent to the donation.

a.

Both statements are correct.

b.

Both statements are incorrect.

c.

Only the first statement is correct.

d.

Only second statement is correct.

a Both statements are correct.


.
b Both statements are incorrect.
.
c Only the first statement is correct.
.
d Only second statement is correct.
.

6 First
7 stateme
. nt:

The law in force at the time of


perfection or completion of the
donation shall govern the
imposition of donors tax.

Second
stateme
nt:

The transfer of property by gift


is perfected from the moment
the donor knows of the
acceptance by the donee; and
completed by the delivery to
the donee either actually or
constructively of the donated
property.

a Both statements are correct.


.
b Both statements are incorrect.
.

6
5
.

Two of the following are the purpose of


donors (gift) tax:

c Only the first statement is correct.


.
d Only second statement is correct.

6 First
8 case:
.
Secon
d
case:

Bong transfer to Kate P50,000 in


trust for May. The transfer is not
subject to tax because the
transfer is in trust.
In consideration of his love Mary
donated a parcel of land to her
brother Ernesto and Francisco,
the naked title to Ernesto and
usufruct to Francisco for two
year. The transfer of the land,
naked title to Ernesto and
usufruct to Francisco, being a
gift, is subject to donors tax.

a Answer to both cases are correct


.
b Answer to both cases are wrong
.
c Only answer to first case is correct
.
d Only answer to second case is correct
.

69.

In computing the donors tax, the


dowry or gift on account of marriage
is
allowed
as
an
exemption
(deduction) to:
a. A resident donor
b. Both resident donor and
nonresident donor
c. A nonresident donor
d. Answer not given.

70.

Husband and wife gave the following


gift of conjugal property:

January 20, 2006 Land valued


at P180,000. Donee is a brother of
wife and gift is on account of
marriage of brother held on January
10, 2004.
The donors tax due on the gift is:

a. P1,600
b. P27,000
c. P54,000
d. P3,600
71. Which of the following statements is
incorrect?
a. A taxpayer whose annual gross
receipts/sales exceed P1,500,000
shall pay VAT even if he is not VATregistered.
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 may be imposed
together with VAT.
d. Percentage tax may be imposed
together with excise tax.
72.

Just like value-added tax, percentage


taxes are paid on a quarterly noncumulative basis.

Generally, every person liable to pay the


percentage taxes shall file a quarterly
return within 25 days after the end of
each taxable quarter.
a. True, True
b. False, False
c. False, True
d. True, False
73.

Which of the following statements is


correct?
a. Cooperatives shall be exempt from
the 3% gross receipts tax.
b. A VAT-exempt taxpayer who issues
VAT invoice shall not be liable to VAT.
c. Every person liable to the percentage
tax shall always file a separate return
for each branch or place of business.
d. Motorized tricycles are not subject to
percentage tax.

74.
a.
b.
c.
d.

One of the following is subject to


common carriers tax.
Owners of bancas
Owners of animal-drawn two-wheeled
vehicles
Common carriers by land, air or
water for transport of goods or
cargoes.
Common carriers by land for
transport of passengers.

75. In the third quarter of 2007, a


taxpayer engaged in the sale of
services whose annual gross receipts
do not exceed P1,500,000 has the
following data:
Accounts receivable, beginning of
quarter
P 50,000
Sales during the month
100,000
Accounts receivable, end of monh
75,000
Purchases of supplies, total invoice amount
11,200
The percentage tax due for the month is:
a. P2,250
b. P3,000
P7,500
d. P6,500