3) No direction is registered as a non-VAT entity during 2015. In 2016, it expects to earn...

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3) No direction is registered as a non-VAT entity during 2015. In 2016, it expects to earn P1, 800, 000. Should no direction do anything? What if it expects to earn P1, 919, 550?

4) Compute for the OPT of Loh Ka Loka if her books show the following:

a) Gross Receipts – P50, 000

b) Cost of Services – P35, 000

c) Expenses – P5, 000

5) Clark El reports gross income of P120, 000 for the year. Cost of services was P80, 000. What is the OPT?

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3) No direction is registered as a non-VAT entity during 2015. In 2016, it expects to earn...

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Solution 3 Yes as the threshold in the year 20... View the full answer

Legal Research Analysis and Writing

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