Reference no: EM132901097

Question 1. Compute for the lessor's accumulated gross receipts for the taxable year, assuming full occupancy, and

Question 2. State whether such receipts are subject to VAT or 3% Percentage Tax and cite the reason

A. Rental rate per month per unit is at P17,000; owner has 16 residential units for rent.

B. Owner rents out his 13 residential units; he charges P15,500 per unit per month.

C. Lease is at P14,500 a month per residence unit; there are 18 units for lease.

D. Lessor leases out his 17 residential units for P14,000 a month per unit.

E. Owner rents out his 7 commercial units and 10 residential units; for each commercial unit he charges P65,000 per month while for residential unit he charges P18,000.

F. Lease is at P75,000 a month per commercial unit and P13,500 a month per residential unit; there are 5 commercial units and 14 residential units for lease.

G. Lessor leases out his 3 commercial and 12 residential units for P45,000 and P15,000 a month per unit, respectively.