Tricia (non-vat registered) is self-employed involved in…

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Question Answered step-by-step Tricia (non-vat registered) is self-employed involved in… Tricia (non-vat registered) is self-employed involved in wholesaling products and a part-time professor at MTC.Data for the taxable year 2021 showed the following:Compensation income P800,000Gross sales 2,800,000Purchases on account from vat suppliers 1,200,000Purchases on account from nonvat suppliers 200,000Operating expenses 1,000,0001.How much is the business tax due?a. P28,000 c. P84,000b. P432,000 d. P02. Assuming Tricia opted to be taxed at 8%. How much is her business tax due?a. P28,000 c. P84,000b. P288,000 d. P0 Law Social Science Tax law Share QuestionEmailCopy link Comments (0)

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