What is the tax on the interest, commission, discounts and all other items treated as gross income of other non-bank financial intermediaries doing business in the Philippines?Select one:a.0% on the gross receipts.b.1% on the gross receipts.c.7% on the gross receipts.d.5% on the gross receipts.

Which is NOT included as transactions considered "in the course of trade or business" subject to the business taxes?Select one:a.Isolated sale services of goods or services for a gross selling price or receipts of Php 800, 000b.Regular conduct or pursuit of a commercial or an economic activity by a non-stock, non-profit private organizationc.Isolated services in the Philippines by non-resident foreign individualsd.Regular conduct or pursuit of a commercial or an economic activity by a stock private organization

How much is the tax rate of finance companies on interest, discounts, and other items of gross income paid to finance companies and other financial intermediaries not performing quasi banking functionsa.7%b.5%c.3%d.6%Clear my choice

Gross income is:Athe total amount of money you earnBthe amount of money you receive after decuctions are subtractedCthe total amount of money you spendDsales taxes on items you buy

How many percent does a person pays for the value added tax and who is not a VAT-registered person for his gross quarterly sales or receipts: Provided, that cooperatives shall be exempt from the percent gross receipts tax herein imposed?a.1.7%b.2%c.3%d.1.5%

A company has sales of Rs. 3,000,000, a gross profit margin of 30%, and operating expenses of Rs. 400,000. What is the company’s net income if the tax rate is 25% and there are no interest expenses?Rs. 525000Rs. 450000Rs. 500000Rs. 540000