TAXATION

FINAL Exam

Name:_____________________________ block:____date:_____________
General Instructions:
1.PROPERLY LABEL your answer.  
2. This is a 50 items test, read each direction written in every type of test, answer this test in
one hour and 30 Minutes.

III. Problem Solving

1.Mr. Tahi sold a sewing machine with the following details appearing in the sales
invoice.
Gross Selling price of 10,000

Solve for VAT using Exclusive Method (5 Points)

2.Mr. Tahi sold a sewing machine with the following details appearing in the sales
invoice.
Gross Selling price of 11,200

Solve for VAT using Inclusive Method 5 (Points)

God bless!