LENCHICO, LOID G.

12/14/2021

TAXATION- 2

I. TRUE OR FALSE
1. FALSE
2. FALSE
3. TRUE
4. FALSE
5. FALSE
6. FALSE
7. TRUE
8. TRUE
9. TRUE
10. TRUE

II. MULTIPLE CHOICE

1. A
2. A
3. A
4. A
5. D
6. B
7. D
8. D
9. B
10. A

III. PROBLEM SOLVING

1. C) ₱4,200 = 420,000 x 1 %
2. C) ₱108 = 3,600 x 3%
3. A) ₱0 = It is a cargo truck
4. B) ₱12,000 = (520,000- 120,000) = 400,000 x 3%
5. C) ₱ 2,700,000 = 90,000,000 x 3%
6. C) ₱700,000 = 7,000,000 x 10%