Final Fantasy, Inc., a VAT-registered taxpayer, had the following data for the first quarter of 2022:...

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Final Fantasy, Inc., a VAT-registered taxpayer, had the following data for the first quarter of 2022: Sales Purchases of Goods for Sale Store Equipment (Note: All amounts are exclusive of VAT.) How much is the VAT payable for the month of January? O P24,000 O P165,600 O P166.000 O P168,000 Question 15 Final Fantasy, Inc., a VAT-registered taxpayer, had the following data for the first quarter of 2022: Sales Purchases of Goods for Sale Store Equipment (Note: All amounts are exclusive of VAT.) How much is the VAT still payable (after VAT payments) for the quarter? O P21,600 O P24,000 O P94,800 O P92,400 January P3,200,000 1,800,000 1,200,000 January P3,200,000 1,800,000 1,200,000 February P2,000,000 1,000,000 February 0 P2,000,000 1,000,000 0 March P3,000,000 2,200,000 600,000 March P3,000,000 2,200,000 600,000 2 pts Final Fantasy, Inc., a VAT-registered taxpayer, had the following data for the first quarter of 2022: Sales Purchases of Goods for Sale Store Equipment (Note: All amounts are exclusive of VAT.) How much is the VAT payable for the month of January? O P24,000 O P165,600 O P166.000 O P168,000 Question 15 Final Fantasy, Inc., a VAT-registered taxpayer, had the following data for the first quarter of 2022: Sales Purchases of Goods for Sale Store Equipment (Note: All amounts are exclusive of VAT.) How much is the VAT still payable (after VAT payments) for the quarter? O P21,600 O P24,000 O P94,800 O P92,400 January P3,200,000 1,800,000 1,200,000 January P3,200,000 1,800,000 1,200,000 February P2,000,000 1,000,000 February 0 P2,000,000 1,000,000 0 March P3,000,000 2,200,000 600,000 March P3,000,000 2,200,000 600,000 2 pts

Answer rating: 100% (QA)

Answer First to know the formula for calculating VAT GST P... View the full answer