Compute the output value-added tax

Assignment Help Accounting Basics

Reference no: EM132820062

Problem - Compute the output value-added tax for each of the following:

1. The taxpayer is a real estate dealer:

Consideration in the deed of sale 4,000,000

Zonal Value 5,000,000

Fair Market Value in the assessment rolls 2,000,000

2. The taxpayer is a real estate dealer:

Consideration in the deed of sale, per deed of sale (FMV) 5,000,000

Cash payment on the date of sale 5,000,000

3. The taxpayer is a real estate dealer:

Consideration in the deed of sale, per deed of sale 2,000,000

Zonal Value 3,000,000

Fair Market Value in the assessment rolls 4,000,000

4. The taxpayer is a real estate dealer:

Consideration in the deed of sale, per deed of sale 6,000,000

Zonal Value 7,000,000

Fair Market Value in the assessment rolls 3,000,000

Reference no: EM132820062

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