Ma. Jemina Sarah P.

Tarasona
Computation:
7-9.
Resident Non-resident
I. 2,000,000 II. 200,000
II. 200,000 III. 1,000,000
III. 1,000,000 IV. 355,000
IV. 355,000 V. 482,000
V. 482,000 2,037,000
VI. 335,000 II. 200,000
VII. 603,000 III. 1,000,000
4,975,000 1,200,000
23. 4,880,000 – 1,960,000 = 2,870,000 + 52,000,000 + 54,970,000 x
12% = 6,584,400
26. 1,900,000 x 12% = 228,000
28-29.
VAT ZERO RATED EXEMPT
(PH TO PH) (PH TO FC) (FC TO PH)
MNL to Ceb 2,300,000
Ceb to MNL 7,460,000
MNL to Dav 8,490,000
Dav to MNL 5,900,000
MNL to Seoul 6,060,000
Seoul to MNL 5,870,000
MNL to Tokyo 4,550,000
Tokyo to MNL 5,650,000
Total 24,150,000 10,610,000 11,520,000
Multiply: VAT 12% 0% -________
OUTPUT VAT 2,898,000 - -