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How much is the percentage tax on May

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Reference no: EM132699083

Question - A taxpayer had on record, in his books of accounts of the following:

May 2 Purchase from a VAT supplier of goods to be sold, P50,000, VAT of P60,000, not included

May 12 Purchase from a non-VAT supplier, of goods to be sold, P90,000

May 15 Sale of P30,000

May 20 Payment of the April Percentage tax

May 28 Sale of P10,000

Required - How much is the percentage tax on May?

Reference no: EM132699083

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