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How much should be check amount to be issued

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Q1. Super Buntog, a VAT-registered common carrier by land, has the following receipts (ex-VAT): from passengers - P10,000,000; excess baggage - P2,000,000. How much is total business tax payable?

Q2. The Quezon City Government obtained the following statement of accounts from Computer World, a non-VAT business: Purchase of 2 computer units - P60,000; computer repairs - P20,000. Purchase by government agencies are mandated to withhold 1% on purchase of goods & 2% on purchase of services on top of the applicable business tax. How much should be check amount to be issued by Quezon City Government assuming the applicable percentage tax rate 3%?

Reference no: EM133151527

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