subj: taxation

CAPTION: PLEASE READ THE REFERENCE I GIVE TO ANSWER ALL OF THE FOLLOWING NUMBER!!

REFERENCE:

https://drive.google.com/drive/folders/1-EHTITdl6_hKeFnLzj5bnyl045q-oPNM

transactions for the year 2024 Sale of energy from coal plant 1,000,000 Sale of energy from solar plant 1,500,000 Sale of energy from hydro electric plant 500 ucu1 ,750,000 Landed cost from importation of coal Invoice amount of solar panels- Vatable ' Invoice amount of parts for hydro electric plant- Vatable 980,000 1. How much is the Output tax? 2. How much is the Input tax? 3. How much is the VAT payable/ (credit)? Soar Din company, a VAT registered manufacturer of canned goods, have the following information in their financial statements the year 2024: Sale of canned sardines 2,000,000 Sale of canned mackerel 2,100,000 Sale of canned bread 1,800,000 Purchases of Tin cans from VAT entity 2,050,000 Purchases of Tin cans from Non VAT entity 1,980,000 Purchases of Fresh Sardines 700,000 Purchases of Fresh Mackerel 900,000 Purchases of Bread 630,000 Purchases of Fresh tomato 710,000 Purchases of Olive oll 490,000 4, How much is the Output tax? 5. How much is the Input tax? 6. How much is the Vat payable? Childe merchandising have the following information for the year: Sales: Processed meat 1,000,000 Frozen meat 750,000 Canned meat 1,750,000 Purchases From VAT taxpayer 1,600,000 From Non VAT Taxpayer 800,000 7. How much is the VAT exempt Sale? - 8. How much is the VAT due? Columbina company have the following information for the year: Sale Lease Helicopter 10,000,000 3,000,000 Private Plane 12,000,000 4,500,000 Cargo Vessel 15,500,000 7,000,000 Passenger Plane 13,300,000 4,800,000 Passenger Vessel 11,000,000 6,300,000 Yacht 9,500,000 1,200,000 Cargo Truck 7,000,000 800,0000 9. How much is the VAT exempt sale? 10. How much is the VATable sale? 11. How much is the Output tax? Il Dottore have the following rental revenue for the year: 15 Bedspace 800,000 10 Apartment 1,800,000 5 Condominium (Longterm) 3,600,000 2Transient House 850,000 12. How much is the VAT exempt sale? 13. How much is the VATable sale? Arlechinno have the following revenue for the period: Philippines US(1$=P50) China Sale of Goods P2,000,000 $350,000 P750,000 Purchases: From VAT taxpayer 1,250,000 From Non-VAT taxpayer 680,000 14, How much is the VAT exempt sale? 15. How much is the VAT due? Pulcinella, owner of cockpit arena, have the following revenue for the period Revenue from cockpit arena 1,000,000 Revenue from stalls outside the amusement 300,000 Sale of Roasted nuts 410,000 Sale of Fried nuts 800,000 16. How much is the sale not subject to VAT? 17. How much is the total taxable sale? 18. How much is the Output tax? Scaramouche have the following revenue for the period Philippines US(1$=P50) China Sale of Services rendered In PH P2,000,000 $350,000 P750,000 Sale of Services rendered Outside PH $700,000 P850,000 19. How much is the VAT exempt revenue? 20. How much is the Output tax? 21. Harbinger Company sold food to La signora, a senior citizen, which was accompanied by Lumine and Aether, her family members, they have total bill of P2,800, inclusive of VAT How much should La Signora pay to Harbinger Company? Problem 9: Pantalone airlines, an international carrier, have the following revenue from its flights: Passenger Cargo From Philippines 3,500,000 800,000 To Philippines 1,600,000 700,000 22. How much is the VAT exempt sale? 23. How much is the Output tax? Problem 10: Il Capitano airlines, a domestic carrier, have the following revenue from its flights: Passenger Cargo Domestic flight 3,900,000 800,000 International flight 1,800,000 950,000 24, How much is the VAT exempt revenue? 25. How much is the Output Tax