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 13 How much is the total percentage tax due in 2021 assuming Nicanor updated his registration in 2020 and ha not made any changes in 2021?
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 13 How much is the total percentage tax due in 2021 assuming Nicanor updated his registration in 2020 and ha not made any changes in 2021?
Chapter2: Income Tax Concepts
Section: Chapter Questions
Problem 36P
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![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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8c604c0f-a715-486e-9468-796713f72113%2Ffff3ece1-87a3-484a-af34-2efdef7734c9%2F00bj5a_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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