Taxpayer is self-employed Gross receipts derived from exercise of profession/occupation P900,000 COMPUTE: Community tax due and...

   

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Taxpayer is self-employed Gross receipts derived from exercise of profession/occupation P900,000 COMPUTE: Community tax due and payable GIVEN data for a real property: Value Description Market Value Assessment level Amount P1,000,000 25% of market value The local government unit imposes a real property tax of 2% In addition, the unit also imposes a 1 % Special Education Fund (SEF) COMPUTE: Local tax in relation to the assessment of the real property. GIVEN: Tax due Tax due date Date of filing and payment COMPUTE: Total tax due and payable including compromise penalty P1,500 April 15, 202A August 15, 202A GIVEN: BIR Form required 25510 Amount P750 25510 450 August 10 of the same taxable year Description 1st quarter tax (unfiled/unpaid) 2nd quarter tax (unfiled/unpaid) Date of actual filing and payment COMPUTE: Total tax due and payable including compromise penalty Taxpayer is self-employed Gross receipts derived from exercise of profession/occupation P900,000 COMPUTE: Community tax due and payable GIVEN data for a real property: Value Description Market Value Assessment level Amount P1,000,000 25% of market value The local government unit imposes a real property tax of 2% In addition, the unit also imposes a 1 % Special Education Fund (SEF) COMPUTE: Local tax in relation to the assessment of the real property. GIVEN: Tax due Tax due date Date of filing and payment COMPUTE: Total tax due and payable including compromise penalty P1,500 April 15, 202A August 15, 202A GIVEN: BIR Form required 25510 Amount P750 25510 450 August 10 of the same taxable year Description 1st quarter tax (unfiled/unpaid) 2nd quarter tax (unfiled/unpaid) Date of actual filing and payment COMPUTE: Total tax due and payable including compromise penalty

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