Reference no: EM132756311

Problem 1. Get the percentage tax due. An international carrier generated the following receipts:

                                                 Incoming                       Ongoing

Passengers                         1,800,000                    1,980,000

Cargoes, mails; excess baggage 350,000                         415,000

a) 0

b) 71,850.00

c) 22,950.00

d) 12,450.00

Problem 2. Vat sales to government

Sales to government Sales Input/Output

Sales to government 200,000 24,000

Purchases 140,000 16,800

How much is the standard input VAT and how much is the gain or loss?

a) 14,000.00 and -2,800.00

b) 9,800.00 and -7,000.00

c) 16,800.00 and 0.00

d) None of the above