Heiman, a VAT registered taxpayer, had the following data in 2022: Deferred input taxes, December 2021, P6,200 Sales (net of VAT): January, P620,000 February, P430,000 March, P540,000 Purchases (net of VAT): January, P508,000 February, P432,000 March, P314,500 How much is the VAT payable for the month of March? P26,820 P34,090 P20,860 P26,580 P25,620

Heiman, a VAT registered taxpayer, had the following data in 2022: Deferred input taxes, December 2021, P6,200 Sales (net of VAT): January, P620,000 February, P430,000 March, P540,000 Purchases (net of VAT): January, P508,000 February, P432,000 March, P314,500 How much is the VAT payable for the month of March? P26,820 P34,090 P20,860 P26,580 P25,620

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter3: Tax Formula And Tax Determination; An Overview Of property Transactions

Section: Chapter Questions

Problem 23CE

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