Fast Trak Company, a domestic common carrier engaged in the transport of goods rovided the following data for 2018 taxable year: P 2,400,000 Gross receipts, 2018 Receivables, Dec. 31, 2017 Receivables, Dec. 31, 2018 500,000 600,000 Operating expenses 1,250,000 equired: Determine the following: The business tax due of Fast Track Company assuming the company is a non-vat re The business tax due of Fast Track assuming the company is a vat registered entity.

Fast Trak Company, a domestic common carrier engaged in the transport of goods rovided the following data for 2018 taxable year: P 2,400,000 Gross receipts, 2018 Receivables, Dec. 31, 2017 Receivables, Dec. 31, 2018 500,000 600,000 Operating expenses 1,250,000 equired: Determine the following: The business tax due of Fast Track Company assuming the company is a non-vat re The business tax due of Fast Track assuming the company is a vat registered entity.

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter16: Multijurisdictional Taxation

Section: Chapter Questions

Problem 5CE

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