Vanessa imported products from Hongkong for her personal use The following additional information is provided Invoice price of importation Wharfage and arrastre fees Customs duties Freight Facilitation fee Bank Charges Brokerage fee Total P580,000 3,000 50,000 1,500 4,000 1,000 2,000 641,500 Requi...

To compute the valueadded tax VAT due on importation we need to calculate the VAT bas ...

Vanessa imported products from Hongkong for her personal use. The following additional information is provided: Invoice...

Fantastic news! We've Found the answer you've been seeking!

Question:

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

See More Books

Posted Date: Mar 03, 2024 02:01 PM

See More Questions

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
Evaluate the derivatives of the following functions. (z) = cot -1 z
Prepare a journal entry for the purchase of office supplies on March 9 for $1,775, paying $275 cash and the remainder on account.
What are the defining features of monetarist macroeconomics and what policies do monetarist macroeconomists recommend?
In a contract dispute between a US company and a Canadian company, the contract itself referred to provisions of the Uniform Commercial Code. Do these references alone preempt the contract from being...
The A&M Hobby Shop carries a line of radio-controlled model racing cars. Demand for the cars is assumed to be constant at a rate of 40 cars per month. The cars cost $60 each, and ordering costs are...
2. (24 Points) Find out the number of real roots of the cubic equation 23-6x+1=0. Justify your answer.
Both Novador and Sashimia are members of the WTO. Sashimia is also one of 12 fishing nations that are members of the Southern Atlantic Tuna Fishing Organization (SATFO). SATFO was established in 1998...
On June 11, Issac contributed $7,500 for a 20% interest in the general partnership, Abe's Bagels. The partnershis loan for $19,000 on August 1. Issac's distributive share for the year was $4,200....
Are the investment and savings decisions of families and firms influenced by real or nominal interest rates? 2. If inflation is expected to be 2 percent per year and the nominal interest rate is 5...
Does more massive Earth exert bigger force on the Moon than the attractive force that the Moon exerts on Earth? Explain. Type your answer
A daredevil is shot out of a cannon at 48.1 degrees to the horizontal with an initial speed of 22.1 m/s. A net is located a horizontal distance of 54.2 m from the cannon. At what height (in meters)...
How can the exchange rate affect monetary stability? 2. How can the exchange rate affect employment? 3. How can the exchange rate affect financial stability? 4. What are the types of exchange rate...
Dis/sonance Theatre is a theatre production company based in Toronto, Ontario. They are currently in the process of compiling their budget and working on acquiring funding for their 2024 production...
Sally, age 44, has 3 dependent children between age 6 and 17. The children live with her and qualify as her dependents, and she can file as Head of Household. Her gross income is $90,000. Assume she...
A Firm intends to invest some capital for a period of 15 years; the Firm's Management considers three Options, each consisting of purchasing a machinery of a specific brand, different for each...
Skyler is covered by his company's health insurance plan. The health insurance costs his company $3,500 a year. During the year, Skyler is diagnosed with a serious illness and the health insurance...
Indicate, in each of the following situations, the number of exemptions the taxpayers are entitled to claim on their 2012 income tax returns. Number of Exemptions a. Donna, a 20-year-old single...
Cedar Corporation has an S corporation election in effect. During the 2012 calendar tax year, the corporation had ordinary taxable income of $200,000, and on January 15, 2012, the corporation paid...
The global market presents firms with more complex ethical issues than they would experience if operations were limited to one country and one culture. Moral standards vary across cultures. In some...
Bhopal is a city in central India with a population, in 1984 , of 800,000 . Because it was, at that time, home to the largest mosque in India, Bhopal was a major railway junction. Its main industries...
PricewaterhouseCoopers (or PwC, as it is known), one of the United States' "Big 4" accounting firms, has had a tax practice in Russia since the time that country changed from Communist rule. One of...

Vanessa imported products from Hongkong for her personal use. The following additional information is provided: Invoice...

Question:

Expert Answer:

To compute the valueadded tax VAT due on importation we need to calculate the VAT bas... View the full answer

Income Tax Fundamentals 2013

Students also viewed these law questions