1. Alta Vista Company operates a water and radio broadcasting franchise that provides the following in 2018:Gross receipts Water franchise P 2,000,000Radio franchise 10,000,000Operating expenses 5,000,000Net income P7,000,000. The total percentage tax on the franchise is?

2. African International Carrier reported the following gross receipts from tickets sold: Outside for trip-Manila to USA P1,000,000; Outside for trip-USA to Manila 1,200,000; In the Philippines for the trip - the USA to Manila 1,500,000; In the Philippines for the trip - Manila to USA 1,100,000. The Philippine business tax to be paid is?

3. The City of Baguio called US President Bush and President Arroyo to attend the Panagbenga 2018 incurring telephone expenses amounting to P10,000 and P2,000, respectively. How much is the percentage tax to be paid by the City of Baguio?

Answer rating: 100% (QA)

1 2 of franchise gross receipts P2000000 x 2 P40000 P10000000 x 2 P200000 P40000 P200000 P240000 2 ... View the full answer