Note: Apply Philippine Taxation Nicanor registered as a non-VAT taxpayer in 2019 with a capital of Php 100,000. His summary of gross sales are the following: 2019 - Php 1,000,000 2020 - Php 4,000,000 2021 - Php 2,000,000 How much is the total percentage tax due in 2021 assuming Nicanor updated his registration in 2020 and has not made any changes in 2021?
Note: Apply Philippine Taxation Nicanor registered as a non-VAT taxpayer in 2019 with a capital of Php 100,000. His summary of gross sales are the following: 2019 - Php 1,000,000 2020 - Php 4,000,000 2021 - Php 2,000,000 How much is the total percentage tax due in 2021 assuming Nicanor updated his registration in 2020 and has not made any changes in 2021?
Chapter14: Taxes On The Financial Statements
Section: Chapter Questions
Problem 20CE
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Question
Note: Apply Philippine
Nicanor registered as a non-VAT taxpayer in 2019 with a capital of Php 100,000.
His summary of gross sales are the following:
2019 - Php 1,000,000
2020 - Php 4,000,000
2021 - Php 2,000,000
How much is the total percentage tax due in 2021 assuming Nicanor updated his registration in 2020 and has not made any changes in 2021?
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