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    Question: Donor's Tax Rate: The Tax Shall Be

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    naztig_017
    Hotel Zalora earned revenues from hotel rooms for local guests, a dining hall selling food and drinks, and a videoke bar also selling food and drinks during the first month of the first quarter of 2014. To calculate the output tax using a 12% VAT rate, revenues from each service should be multiplied by 12% and summed to get the total output tax due.

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    Question: Donor's Tax Rate: The Tax Shall Be

    Uploaded by

    naztig_017
    10 views1 page
    Hotel Zalora earned revenues from hotel rooms for local guests, a dining hall selling food and drinks, and a videoke bar also selling food and drinks during the first month of the first quarter of 2014. To calculate the output tax using a 12% VAT rate, revenues from each service should be multiplied by 12% and summed to get the total output tax due.

    Original Description:

    Tax Review Question

    Original Title

    T18

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    Hotel Zalora earned revenues from hotel rooms for local guests, a dining hall selling food and drinks, and a videoke bar also selling food and drinks during the first month of the first quarter of 2014. To calculate the output tax using a 12% VAT rate, revenues from each service should be multiplied by 12% and summed to get the total output tax due.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    10 views1 page

    Question: Donor's Tax Rate: The Tax Shall Be

    Uploaded by

    naztig_017
    Hotel Zalora earned revenues from hotel rooms for local guests, a dining hall selling food and drinks, and a videoke bar also selling food and drinks during the first month of the first quarter of 2014. To calculate the output tax using a 12% VAT rate, revenues from each service should be multiplied by 12% and summed to get the total output tax due.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Question: Donors Tax Rate

    Over
    But not over The tax shall be
    plus Of excess over
    1,000,00
    3,000,000
    44,000
    8%
    1,000,000
    0
    3,000,00
    5,000,000
    204,000
    10% 3,000,000
    0
    Hotel Zalora, VAT-registered, offers different services to its guest. The following data taken from the books
    of the taxpayer are for the first month of the first quarter of 2014:
    Revenues Collections
    Hotel rooms (local guest)
    800,000
    700,000
    Dining hall:
    Sale of food and refreshments
    Sale of wine, beer and liquor
    Videoke bar:
    Sale of food and refreshments
    Sale of wine, beer and liquor

    1,000,00
    0
    700,000

    850,000

    600,000
    500,000

    550,000
    450,000

    How much is the output tax using 12% VAT rate?


    432,000
    378,000
    258,000
    None of the choices

    600,000

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