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Aling Nena is a sari-sari store owner. She is covered by the percentage tax provision. Her store had the following data: Sales P550,000; Cost of sales P200,000; Operating Expenses P150,000. Compute the business tax. O P10,500 O P6,000 O P16,500 O D.0

Aling Nena is a sari-sari store owner. She is covered by the percentage tax provision. Her store had the following data: Sales P550,000; Cost of sales P200,000; Operating Expenses P150,000. Compute the business tax. O P10,500 O P6,000 O P16,500 O D.0

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Setting: Philippines 2021

Aling Nena is a sari-sari store owner. She is covered by the percentage tax provision. Her store had the following data: Sales P550,000; Cost of sales P200,000; Operating Expenses P150,000. Compute the business tax. * P10,500 P6,000 P16,500 O D.0
Transcribed Image Text:Aling Nena is a sari-sari store owner. She is covered by the percentage tax provision. Her store had the following data: Sales P550,000; Cost of sales P200,000; Operating Expenses P150,000. Compute the business tax. * P10,500 P6,000 P16,500 O D.0
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