Nicanor registered as non-VAT taxpayer in 2019 with a capital of Php 100,000. His summary of gross sales are the following: 2019 - Php 1,000,000 2020 - Php 4,000,000 2021 - Php 2,000,000 How much is the total percentage tax due in 2021 assuming Nicanor updated his registration in 2020 and has not made any changes in 2021?

Nicanor registered as non-VAT taxpayer in 2019 with a capital of Php 100,000. His summary of gross sales are the following: 2019 - Php 1,000,000 2020 - Php 4,000,000 2021 - Php 2,000,000 How much is the total percentage tax due in 2021 assuming Nicanor updated his registration in 2020 and has not made any changes in 2021?

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter2: Income Tax Concepts

Section: Chapter Questions

Problem 36P

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