ATENEO DE ZAMBOANGA UNIVERSITY

SCHOOL OF MANAGEMENT AND ACCOUNTANCY

Name: _________________________ Score: _______ Rating: _______

BUSINESS TAXES Assignment
INSTRUCTOR: DF ESTRADA, CPA Tax 2 Section A

Assignment to pass on February 14, 2023 (Tuesday) not later than 5pm.

PROBLEM 1: The following data provided by Blue Archer Company, a VAT Taxpayer, for November CY (VAT
included in sales and purchases):

Gross Sales P 420,000

Purchases from VAT Taxpayer 270,200
Operating Expenses (Non-VAT) 70,000

a. Compute the output tax

b. Compute the input tax
c. Compute the VAT payable.

PROBLEM 2: Green Eagle Merchandising is a VAT taxpayer. The following related to its operation for CY
(exclusive of VAT).
July August September
Sales P 450,000 P 150,000 P950,000
Purchases from VAT Suppliers 120,000 160,000 140,000

Determine the following:

a. Value Added Tax Payable for July.
b. Value Added Tax Payable for August.
c. Value Added Tax Payable for September.
GOOD LUCK
/dfe