1. MM Bakers sells cakes and pastry to well-known hotels in metro manila area.

The hotels are allowed credit based on

the track record of the hotels. The sale by the store in April 2018 was 224,000 including the VAT. 75% of the sales are
normally on account. How much is the output tax for the month of April 2018? ___________________ ho

2. MM, trader made the ff. sales of goods during the month of June 2018, exclusive of VAT: ho
Cash sales 200,000
Open account sales 100,000
Installment sales (receipt from installment sales 40,000) 100,000
Consignment made (net of VAT)
June 15, 2018 100,000
May 15, 2018 100,000
April 15, 2018 100,000
Output tax is ___________________

3. A VAT registered person is engaged in the sale of VAT taxable goods and the same time is also engaged in a non-VAT
business, in the same business establishment. During the year, total sales of the VAT business amounted to 336,000,
inclusive of VAT. The sales of the non-VAT business amounted to 200,000 with separate percentage tax of 6,000 for a
total of 206,000. During the same quarter, repairs on the building amounted to 50,000 plus VAT of 6,000. Supplies
purchased for common used amounted to 10,000 plus 1,200 VAT. The CIT is ___________ and VAT payable is _________

4. MM went out on a date with JJ, and his Uncle Tito CC (senior citizen 69 yrs. old) in NN’s Bistro for JJ’s birthday. They
ordered food which they all shared, and the total bill amounted to 6,000 gross of VAT. How much will the Bistro bill
Uncle CC? _____________________

5. An importer wishes to withdraw its importation from the Bureau of Customs. The imported goods are subjected to
10% custom duties in the amount of 12,500 and other charges in the amount of 9,500. The VAT due is __________ *

6. Bograt Corp. imported an article from Japan. The invoice value of the imported article was 350,000. The ff. were
incurred in connection with the importation:
Insurance 15,000 Arrastre charges 8,000
Freight 10,000 Brokerage fees 25,000
Postage 5,000 Wharfage dues 7,000
Facilitation fee 3,000
Interest charge on loan secured to finance importation 5,000
The imported article was subject to 50,000 customs duties and to 30,000 excise tax. After the release from the BoC, MM
paid 5,000 net of VAT for trucking to a warehouse and warehousing rent of 10,000 net of VAT.
VAT on importation _________________
Assuming the imported article was sold by the importer for 700,000, net of VAT, the VAT payable is ________________

7. A VAT-registered taxpayer has the ff. information on his importations: ($US=P50)

For SALE For own use
Invoice cost $50,000 $10,000
Freight and insurance (based on cost) 4% 4%
Other expenses before the goods are released from BoC 6% 6%
Expenses incurred after the goods are released from BoC ½% ½%
The imported goods are sold within the same taxable period the importation is made for 7,840,000 pesos, VAT inclusive.
VAT on importation ____________________
VAT payable on the sale of imported goods ____________________

8. MM, engaged in domestic common carrier, had the ff. receipts during the month (exclusive of tax)
Passenger Cargo
Jeepney 1 20,000
Jeepney 2 30,000
Bus Liner 50,000 15,000
Sea Vessel 1,500,000 800,000
Plane for hire 800,000 560,000
The output tax during the period ____________________________