Question 24 1 pts Alpaca is a seasoned dealer of securities in the Philippines. For the...

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Question 24 1 pts Alpaca is a seasoned dealer of securities in the Philippines. For the cursed year 2020, his gross receipts which was directly credited to his bank account amounted to P10B, while the cost of the securities dealt was P5B. How much is Alpaca's output VAT? Question 26 1 pts Varmilo Sakura, a rising pop star which is a national Germany and is domiciled in Ireland, performed a 2-night concert in the Philippines. Total gross receipts amounted to P100,000,000. Is VS liable to pay VAT? If yes, how much? Question 11 1 pts What would be the amount of gross gift for personal property donated which was acquired years ago at P 500,000; with FMV at date of donation equal to P 1,000,000 but with unpaid mortgage of P 50,000 assumed by the donee? Question 15 1 pts Charisse is a friend of Arian, the chairman of Political Party Z, who wants to run for President in the 2016 elections. Knowing that Arian needs funds for posters and streamers, Charisse is thinking of donating to Arian P150,000.00 for her campaign. She asks you whether her intended donation to Arian will be subject to the donor's tax. What would your answer be? Question 12 1 pts A resident alien donated his old car located in Baguio to his Filipino friend. The FMV of the car at date of donation is P 200, 000. It has unpaid mortgage of P50, 000 which is agreed to be paid by the donor. The amount of donor's tax would be? Question 24 1 pts Alpaca is a seasoned dealer of securities in the Philippines. For the cursed year 2020, his gross receipts which was directly credited to his bank account amounted to P10B, while the cost of the securities dealt was P5B. How much is Alpaca's output VAT? Question 26 1 pts Varmilo Sakura, a rising pop star which is a national Germany and is domiciled in Ireland, performed a 2-night concert in the Philippines. Total gross receipts amounted to P100,000,000. Is VS liable to pay VAT? If yes, how much? Question 11 1 pts What would be the amount of gross gift for personal property donated which was acquired years ago at P 500,000; with FMV at date of donation equal to P 1,000,000 but with unpaid mortgage of P 50,000 assumed by the donee? Question 15 1 pts Charisse is a friend of Arian, the chairman of Political Party Z, who wants to run for President in the 2016 elections. Knowing that Arian needs funds for posters and streamers, Charisse is thinking of donating to Arian P150,000.00 for her campaign. She asks you whether her intended donation to Arian will be subject to the donor's tax. What would your answer be? Question 12 1 pts A resident alien donated his old car located in Baguio to his Filipino friend. The FMV of the car at date of donation is P 200, 000. It has unpaid mortgage of P50, 000 which is agreed to be paid by the donor. The amount of donor's tax would be?

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Question 24 To calculate Alpacas output VAT we need to determine the taxable base which is the gross receipts minus the cost of the securities dealt Taxable base Gross receipts Cost of securities deal... View the full answer