Carlos operates a Nightclub. His gross receipts from admissions during the month amounted to P126,700. The...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Carlos operates a Nightclub. His gross receipts from admissions during the month amounted to P126,700. The foods and drinks being served inside the nightclub are being served by Tiberio, a non-VAT registered taxpayer. During the same month, Tiberio has gross receipts of P32,400 and paid rentals to Carlos amounting to P13,000. How much is the amusement tax payable? 28,638 19,005 22,806 25,146 Carlos operates a Nightclub. His gross receipts from admissions during the month amounted to P126,700. The foods and drinks being served inside the nightclub are being served by Tiberio, a non-VAT registered taxpayer. During the same month, Tiberio has gross receipts of P32,400 and paid rentals to Carlos amounting to P13,000. How much is the amusement tax payable? 28,638 19,005 22,806 25,146
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Carlos Diego paid the following expenses during the current tax year State sales tax ............... $600 Sales tax on purchase of automobile ...... 800 License plate tax based on weight-of vehicles...
-
A taxpayer owns and operates an art gallery with a large inventory of paintings held for sale to customers. She took one of the paintings home and hung it in her dining room. A week later, a dinner...
-
A taxpayer uses borrowed funds to acquire non dividend paying corporate stock. Interest on borrowed funds may be deducted in the period paid, up to the amount of net investment income from other...
-
Svetlana (45) and Petro (43) are both employed and each have their own group benefit plan that provides family coverage. Svetlana's birthday is in June and Petro's is in December. The couple has one...
-
a. What is an endorsement or rider? b. If an endorsement conflicts with a policy provision, how is this problem resolved?
-
Consider the role that mask wearing may have on the reputation or image of an athlete. Discuss the possibility that athletes consider their reputation when making decisions about preventive health...
-
The following data available for four stroke petrol engine : bore \(=20 \mathrm{~cm}\) stroke to bore ratio \(=\) 1.5 , speed \(=350 \mathrm{rpm}, \mathrm{p}_{\mathrm{m}}=2.75 \mathrm{bar}\), net...
-
Review the nine cultural dimensions of GLOBE (see Table 11.2). How would you describe your societal culture as you understand it with respect to each of these dimensions? In what ways do you think...
-
John wants to be able to withdraw $10,426 every year for 14 years from his retirement fund 1 year after he retires. How much he must accumulate in his retirement account if the interest rate is 4%...
-
Create common size income statements and perform a basic ratio analysis of the two companies for fiscal year 2021, which is the fiscal year ended on Jan. 29, 2022/Jan. 28, 2022. (Note: fiscal year...
-
On his website he is described as a "young and vibrant entrepreneur from Soweto whose obsession with aviation, golf and business remains unmatched". So it comes as no surprise that for 28-year-old...
-
Betty's BBQ reported sales of $705,000 and net income of $25,000. Betty's also reported ending total assets of $494,000 and beginning total assets of $387,000. Required: Calculate the return on...
-
37 At an amusement park, the cost for an adult admission is a, and for a child the cost is c. For a group of six that included two children, the cost was $325.94. For a group of five that included...
-
On the first page alone, the first five organic results account for 67.60% of all the clicks Group of answer choices True False
-
Consider the following function definition: def f(n): if n % 10 = 0: return n What is the value of f(236) ?
-
Can you explain what each part of the wave is and what it does ? amplitude A crest wavelength A time |- trough
-
What is potential scope (requirements, specifications, and priorities) included in a project charter for an office relocation project? What kind of constraints could be included in a project charter...
-
On March 31, 2018, Gardner Corporation received authorization to issue $30,000 of 9 percent, 30-year bonds payable. The bonds pay interest on March 31 and September 30. The entire issue was dated...
-
A single-server queue has random arrivals at a rate of 30 an hour and random service times at a rate of 40 an hour. If it costs 20 for each hour a customer spends in the system and 40 for each hour...
-
Henry Lom feels that the quantity of chocolates in a particular type of packet has decreased. To test this feeling he takes a sample of 40 packets and finds that the mean weight is 228 g with a...
-
A salesman has 12 customers to visit each day. In how many different ways can he visit the customers? One day he has time to visit only eight customers. In how many different ways can he select the...
-
What type of signal is the output of a non-ICP accelerometer?
-
What are the negative aspects of using a seismic transducer?
-
Which industrial transducer does not require a power supply (selfgenerated signal)?
Study smarter with the SolutionInn App