Taxpayer: [Your Name] TIN: 987-654-321-000 Address: Poblacion, Puerto Galera, Oriental Mindoro On October 1, 2020, you have started and registered two (2) businesses: a bus transport company (Non-VAT) and a computer sales store (VAT). The results of the operations for the last quarter of 2019 were as follows: BUS TRANSPORT: Oct Nov Dec Gross receipts P1,100,000 P1,300,000 P1,500,000 Expenses: Gas and oil expenses 438,300 584,400 730,500 Salaries and wages 120,000 120,000 120,000 SSS, HDMF & PHIC Contributions 14,400 14,400 4,000 14,400 Communication Expenses 4,000 4,000 Depreciation 20,800 20,800 20,800 Taxes and Licenses 33,000 39,000 48,000

How much is the percentage Tax?

Answer rating: 100% (QA)

To calculate the percentage tax for the bus transport business for the last quarter of 2019 we need ... View the full answer