Sawakas Last Question Na is a VAT-registered taxpayer. He is engaged in the merchandising business. The...

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Sawakas Last Question Na is a VAT-registered taxpayer. He is engaged in the merchandising business. The following is the data for the 2nd quarter of 2021 on the sale of product XYZ (amounts are VAT inclusive): Gross Gross Customer Sales Receipts Normal Customer 560,000 336,000 Government 840,000 616,000| Export 250,000 150,000 If input VAT is P125,000, how much is the VAT payable if the taxpayer opts to avail the TCC option? 55,000 O 25,000 none of the choices O 17,500 Sawakas Last Question Na is a VAT-registered taxpayer. He is engaged in the merchandising business. The following is the data for the 2nd quarter of 2021 on the sale of product XYZ (amounts are VAT inclusive): Gross Gross Customer Sales Receipts Normal Customer 560,000 336,000 Government 840,000 616,000| Export 250,000 150,000 If input VAT is P125,000, how much is the VAT payable if the taxpayer opts to avail the TCC option? 55,000 O 25,000 none of the choices O 17,500

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ANSWER Tax payable Output VAT Input ... View the full answer