Calculate percentage tax? Solar Sports, Inc. is a sports promoter which leases the Araneta Coliseum at a
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Calculate percentage tax?
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Solar Sports, Inc. is a sports promoter which leases the Araneta Coliseum at a monthly rental of P900,000. It conducts boxing exhibitions and professional basketball games in the coliseum. In a month, it had the following gross receipts from professional basketball games: Gate receipts, P5,000,000; Sale of food at stands maintained by it in the coliseum, P900,000; Sale of television rights, P1,000,000. The rent expense is P2,400,000. The percentage tax is: Solar Sports, Inc. is a sports promoter which leases the Araneta Coliseum at a monthly rental of P900,000. It conducts boxing exhibitions and professional basketball games in the coliseum. In a month, it had the following gross receipts from professional basketball games: Gate receipts, P5,000,000; Sale of food at stands maintained by it in the coliseum, P900,000; Sale of television rights, P1,000,000. The rent expense is P2,400,000. The percentage tax is:
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