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Calculate the percentage tax

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Question - Lavezares Ferries transport passengers and land vehicles between Samar and Sorsogon. Lavezares usually had an average annual receipts of P5,000,000. During the month, it earned a total of P400,000 from the customers. Calculate the percentage tax?

a. 0

b. 12000

c. 138000

d. 150000

Reference no: EM132651288

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