Ray Cooper, CPA practitioner, is also employed with a medium-sized manufacturing firm and receives the following for the year 2019: Salary P 200,000 Overtime pay 50,000 13th month and other benefits 20,000 Deposit of client 100,000 Retainer fee of P25,000/month 300,000 Out-of-pocket charged to client 400,000 Dividend income from domestic corporation 30,000 If Ray Cooper chose to be a VAT-registered person, how much will be his vatable transactions? 

Answer rating: 100% (QA)

Heres a breakdown of Ray Coopers vatable transactions and how to calculate them if he chooses to be ... View the full answer