month for outgoing flights:

a. P60,000
b. P51,000 CORRECT
c. P75,000
d. P15,000
Lakandula is an operator of cockpit. During the quarter, it collected P200,000 from
gate receipts, P240,000 from tongs and P300,000 from business concessionaires
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inside the cockpits. Total winnings on derby sets totaled P2,400,000. What is the
amusement tax?
a. P0
b. P133,200 CORRECT
c. P74,000 WRONG
d. P111,000
An operator of car with chauffeurs for hire had the following financial results
during a month:
What is the percentage tax due?
a. P4,200
b. P4,320 WRONG
c. P2,880 CORRECT
d. P7,200 WRONG
There are two competing garage with the following receipts:
Juan, P1,200,000
Diego, P3,500,000
Who will pay percentage tax?
a. Both Juan and Diego CORRECT
b. Juan only
c. Diego only
d. Neither Juan nor Diego
Padre Gomez owns a cargo truck for rent. During the month, it generated total
receipts of P40,000 from various clients. The percentage tax due is
a. P4,800
b. P0
c. P1,200 CORRECT
d. P2,000
Palma Bank had the following summary of receipts
What is the gross receipts tax due?
a. P200,000
b. P220,000
c. P160,000 WRONG
d. P180,000
Mr. Dipatuan practices his profession as a medical practitioner. He registered as a
VAT-taxpayer. Mrs. Dipatuan is a nurse employed by a public hospital.
Which statement is correct?
a. Mrs. Dipatuan is exempt from business tax.
b. Mr. Dipatuan shall pay percentage tax.
c. Mr. Dipatuan is exempt from business tax.
d. Mrs. Dipatuan shall pay percentage tax. WRONG
Apolinario owns and operates a taxi unit. He also teaches as an accounting
professor at a university and renders professional consultancy services to various
clients. Apolinario is registered as a VAT-taxpayer. In March 2020, he had the
following receipts:
Compensation income from teaching, P200,000