Solution manual transfer and business taxes by valencia CHAPTER 11 PERCENTAGE TAXES

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.. .BUSINESS AND TRANSFER TAXATION 5th Edition (BY: VALENCIA & ROXAS) SUGGESTED ANSWERS 58 Chapter 11: PERCENTAGE TAXES Problem 11 – C Percentage tax (P40,000 x 3%) x 12 Problem 11 – Exempt... minimum amount is subject to percentage tax BUSINESS AND TRANSFER TAXATION 5th Edition (BY: VALENCIA & ROXAS) SUGGESTED ANSWERS 61 Chapter 11: PERCENTAGE TAXES Problem 11 – 39 Gross receipts (P2,500,000... business tax rate for cockpits Total business tax P1,650,000 18% P 297,000 Problem 11 – 46 BUSINESS AND TRANSFER TAXATION 5th Edition (BY: VALENCIA & ROXAS) SUGGESTED ANSWERS 62 Chapter 11: PERCENTAGE
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