May Yaman is engaged in a VAT-business and a non-VAT business. Her records show the following data, no tax included, for the taxable year: Sales From VAT business P6,000,000 From non-VAT business...



May Yaman is engaged in a VAT-business and a non-VAT business.  Her records show the following data, no tax included,  for the taxable year:





































Sales
     From VAT businessP6,000,000
     From non-VAT business4,000,000
Purchases
     For VAT business from VAT suppliers3,000,000
     For non-VAT business2,000,000
Purchases from VAT suppliers of supplies used for VAT and non-VAT business30,000
Expenses incurred for both VAT and non-VAT business (70% of these expenses were paid to VAT-registered enterprises)100,000

The VAT payable is:



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Jun 10, 2022
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