On the transactions listed below, classify each 

of these transactions/businesses according to

these classifications. Write the number corresponding to your choice.

1.   Subject to 12% value-added tax

2.   Zero rated (0%) value-added tax
3.   Subject to Other Percentage Tax (OPT)
4.   Subject to Excise Tax
5.   Subject to both 12% value - added tax and Excise tax
6.   Exempt from business tax

TRANSACTIONS/BUSINESSES CLASSIFICATION
a).   Sale of wines by an importer 1
b).   Sale of cotton 1
c).   Trader of goods whose gross receipts exceeds P3,000,000. 1
d).   International air carrier transporting passengers only 3
e).   International air carrier transporting goods only. 3
f).   Importation of fertilizers. 6
g).   An individual taxpayer whose gross receipts for the year amounted to P100,000. 6
h).   Domestic common carriers transporting goods /cargoes. Gross receipts for the year
3
P2,600,000

i).   Domestic common carriers (VAT registered) transporting goods/cargoes. Gross receipts
1
for the year amounted to P2,300,000.

j).   Sale of sugar cane 5

k).  Philippine commercial banks 1
l).   MERALCO 2
m). A telephone franchise grantee offering local and overseas communication services.
1
Gross receipts for its first year of operations amounted to only P2,5000,000.
n).   VAT registered exporter. 1
o).  Sale of low-cost housing by VAT registered real estate companies. 3
p).  Hog dealer. 1
q).  New Wave Resort. 1
r).   A radio television broadcasting franchisee. Gross receipt for the preceding year
1
amounted to P12,000,000.
s).   Professional fees. 1
t).   Traders of fresh fruits whose gross receipts exceeds P3,000,000. 6