PLEASE ANSWER ALL THE FOLLOWING PROBLEM 1 TO PROBLEM 9. (PERCENTAGE TAX)

Problem 1 A Banking Company, earns the following income: Interest Income Annual From 10 year loan with remaining maturity of 7 years 25,000 From 3 year loan with remaining maturity of 2 years 12,000 From 15 year loan with remaining maturity of 4 years 24,000 Other income Gain on sale on foreclosed property Dividend received How much is the % tax due and payable? Assuming the taxpayer is a lending company, how much is the % tax due and payable? Assuming the 10 year loan was became due prematurely and all interest income for the term of the loan will become due and demandable on the same period. How much is the % tax payable? Problem 2 Atlantis Airlines, an international carrier, have the following sales for the period: Incoming Outgoing Passengers 2,000,000 4,000,000 Cargoes, baggage, mails 3,500,000 1,800,000 How much is the % tax due and payable? Problem 3 Tranik, a VAT registered keeper of garage in Cebu City, have the following sales for the quarter: Passenger Cargoes Other 5 Jeepney 10,000 3,500 3 Bus (40pax capacity) 19,500 7,500 Garage rental 18,000 How much is the % tax due and payable? Assuming the taxpayer is a Non VAT taxpayer, How much is the % tax due and payable? Problem 4 Pampanga Arena, a VAT registered amusement place, have the following sale for the period: Other sales on stalls during Local Boxing Exhibition Oriental Boxing Exhibition Philippine Basketball Association Game UAAP Basketball Game Cockpit event Race tracks Concert Event Ticket Sale 3,600,000 2,400,000 940,000 1,650,000 2,440,000 1,890,000 4,500,000 The event 430,000 790,000 310,000 430,000 120,000 190,000 560,000 Assuming Oriental Boxing Exhibition has one Filipino Contender and promoter is a domestic corporation and the other sales is 40% is owned by Pampanga Arena while the remaining are owned by other parties. How much is the % tax due and payable of Pampanga Arena for the following: Mabuhay Corp, VAT registered, provider of various insurances has the following premiums collected for a. Boxing Exhibition b. Basketball game c. Cockpit d. Race Tracks e. Concert Event Problem 5 the period: From Life Insurance Amount Collected 10,000,000 Insurance Charged to 10,000,000 Life Insurance Insurance charged to other - insurance other than life Charges to client's - account How much is the % tax due and payable? Problem 6 from Property Insurance 7,500,000 7,500,000 from Variable Insurance 6,500,000 4,000,000 2,500,000 Delikadn, Corp entered a Fire Insurance on an agent of foreign insurance company for its assets that pays 100,000 quarterly. How much is % tax due and payable on the premium paid? Assuming, the corporation acquired a foreign insurance directly instead of thru an agent. How much is the % tax due and payable on the premium paid? Problem 7 PDLT communications, a VAT registered telecom company, have the following sales for the period: To Philippines To Abroad From Philippines 12,000,000 8,000,000 From Abroad 3,000,000 - How much is the % tax due and payable? Problem 8 Richie, a VAT registered owner of Horce Race place, have the following transactions for the period: Ticket sale 1,500,000 Other sale during horse race 360,000 A bettor won under Trifecta on a ticket amounting to 500,000 wherein he bought 5 tickets with the cost of 3,000 each and another bettor won on a ticket under Place amounting to 870,000 wherein he bought 10 tickets with total amount of 20,000. The owner of the winning horse also won amounting to 230,000. How much is the % tax due and payable of Richie? How much is the amount to be received by the owner of the winning horse? Problem 9 Qspend, a Non VAT registered convenience store, have the following sale for the period Q1 Q2 Q3 Q4 VAT exempt goods 1,000,000 800,000 790,000 810,000 Goods in general: Purchased from VAT seller 700,000 790,000 980,000 698,000 Purchased from Non VAT seller 600,000 795,000 890,000 574,000 Total 2,300,000 2,385,000 2,660,000 2,082,000 How much is the % tax due and payable for EACH quarter