A “sari-sari" store registered as a VAT taxpayer had the following sales. Sales of newspapers P20,000 Sales of fish and meal 30,000 Sales of fruits and vegetables 10,000 Frozen meat 30,000 Sales from snacks and soft drinks 15,000 Sales from general merchandise 80,000 The total taxable sales is. а. PO b. P95,000 С. P115,000 d. P155,000

A “sari-sari" store registered as a VAT taxpayer had the following sales. Sales of newspapers P20,000 Sales of fish and meal 30,000 Sales of fruits and vegetables 10,000 Frozen meat 30,000 Sales from snacks and soft drinks 15,000 Sales from general merchandise 80,000 The total taxable sales is. а. PO b. P95,000 С. P115,000 d. P155,000

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter3: Business Income And Expenses

Section: Chapter Questions

Problem 5MCQ

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