Gomez maintains a law firm and registered as non-VAT taxpayer. For a particular client, the amount of professional fee imposed by Gomez is P300,000. Compute the business tax on this particular transaction. The taxable year is 2021. A. P3,000 percentage tax B. P9,000 percentage tax C. P36,000 percentage tax D. Zero
Gomez maintains a law firm and registered as non-VAT taxpayer. For a particular client, the amount of professional fee imposed by Gomez is P300,000. Compute the business tax on this particular transaction. The taxable year is 2021. A. P3,000 percentage tax B. P9,000 percentage tax C. P36,000 percentage tax D. Zero
Chapter6: Accounting Periods And Other Taxes
Section: Chapter Questions
Problem 7MCQ: B Corporation, a calendar year-end, accrual basis taxpayer, is owned 75 percent by Bonnie, a cash...
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Gomez maintains a law firm and registered as non-VAT taxpayer. For a particular client, the amount of professional fee imposed by Gomez is P300,000. Compute the business tax on this particular transaction. The taxable year is 2021.
A. P3,000 percentage tax
B. P9,000 percentage tax
C. P36,000 percentage tax
D. Zero
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ISBN:
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Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT