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  • May 2018 Tax Sol 1st PB CRC Ace

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    May 2018 Tax Sol 1st Pb Crc Ace

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    152 vizualizări5 pagini

    May 2018 Tax Sol 1st PB CRC Ace

    Încărcat de

    jasey
    v

    Drepturi de autor:

    © All Rights Reserved
    Descărcați ca PDF sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    din 5
    CRC-ACE /, The Professional CPA Review School Main: 3F C. Villaroman Bldg. 873 P. Campa St. cor Espana, Sampaloc, Manila ‘@ (02) 735 8901 / 735 9031 / 0922 861 0191 ‘email add: crc_ace@yehoo.com St. Davao City Baguio Rude! Bldg. V, Lower Mabin cor Diego Siang, Baguio Cty 3/F GCAM Bg, Monteverde ‘® (074) 442-1440 / 0922-8499196 ‘@ (082) 285-8805 / 0925-7272223 Answers/Solutions Taxation First Pre-board Exam May 2018 Batch SET A/B 169 11164 A 261 D 12165 A 36 =D 13/66 -B 47 B 14167 A 5/8 D 15/12 C 69 B 161 B 70 A 1712 «C ant D 183 A 962 D 19144 A 10/63 C 205 A 2103 B GG (AD) 1,500,000 x 50% 750,000 300,000 x 50% (150,000) 100,000 x 50% (60,000) Dowry (40,000) TNG 540,000 22168 A 1,400,000 23169 -D 3,600,000 zara. C FE:A 240,000 L.5% x 5M 250,000 SM 200,000 Allowed (200,000) (200,000) (40,000) STD.D (4,000,000) TNE 3,580,000 ‘Add (deduct) (40,000) (20,000) (4,000,000) DNE 4,500,000 25/21 C Page 2 c Initial basis ‘400,000 800,000 Prorated deductions: 4/80 x 1,300,000 (65,000) 8/80 x 1,300,000 130,000) Final basis 335,000 670,000 VD rate 80% 40% vo 268,000 + 268,000 = 536,000 27122 ~D 28/24 B 29125 Cc Separate Conjugal Total 2,500,000 6,500,000 9,000,000 FE: A 200,000 x 20% 40,000 L5% XOM 450,000 SM 200,000 Allowed (40,000) Others 1,000,000 - 200,000 ——____ £800,000) NE after OD 2,500,000 5,660,000 8,160,000 FH 1/2 x 1,500,000 (750,000) STD. deduction (1,000,000) Medical expenses (400,000) SSS 1/2 x 5,660,000 2,830,000) 3,180,000 30/26 A 3127 D 32/28 B 33/29 34/30 ~D 35/31 © %x 500,000 = 250,000 36/32 D 37/33 A 38/34 ~D 39/35 C NRA 406 B CIRA wioR wR 2,000,000 - - 4137 A 3,000,000 3,000,000 3,000,000 1,000,000 1,000,000 - 100,000 - - 220,000 - : AO DON flee ees 7,160,000 4,000,000 3,000,000 CRA Pages 10,000 = 10,000 : 9,500 - 50,000 50,000 60,000 : 45138 A Final ’ 150,000 10,000 = CGT2,500,000 x 6% DsT 200.000 = 2,500,000/1,000 x 15 37,500 349,500 Soong 2.500.000. 4639 B DT 1,000,000 x 30% 300,000 DST 2,500,000/ 1,000 X 15 37,500 VAT 2,500,000 x 12% 300,000 47140 C 48/41 49/42 1,344,000 x 12/112 144,000 360,000 X 12% (43,200) 300,000 X 12% (38,000) VAT payable 64,800 50/43 A 51/44 B 5245 C 3/46 D 54/47 A 55/48 D ord 300,000 x 12% 36,000 200,000 x 12% (24,000) 450,000 x 12% (18,000) 190,000 x 12% 22,800 Deferred IT (2500) VAT payable 14,300 56/49 B 224,000 x 12/112 24,000 392,000 x 12/112 42,000 168,000 x 12/112 18,000 412,000 x 12/112 42,000 896,000 x 12/112 96,000 ‘Output tax 192,000 57149 Let x= GR (wlo VAT) 300,000 = x OT = 300,000 X 12% OT = 36,000 58/51 D 59/52 D 6053 OD 6155 D orm Ei Sardines 400,000 x 12% 48,000 600,000 x 12% 72,000 16,000 x 4% (640) 42,000 x 12% (1,440) 8,000 x 12% (960) 14,000 x 12% (1,680) 30,000 x 12% (8,600) 40,000 x 12% (1,200) 14,000 x 12% (1,680) 16,000 x 12% (4,920) 18,000 x 12% (2,160) 9,000 x 12% (1,080) 20,000 x 12% (2,400) VAT payable i160 + 60,080 = 101,240 62/54 A orm, 4,500,000 x 12% 180,000 200,000 x 12% 24,000 ‘400,000 x 12% (48,000) 900,000 x 12% x 1/60 (1,800) 2,000,000 x 12% x 1/60 (4,000) 11'500,000 x 12% x 1/36 (5,000) VAT payable 145,200 63/56 _D OTT) Domestic Export 1,000,000 x 0% Z 2,000,000 x 12% 240,000 1,600 x 12% x 1/4 (48,000) 4,600,000 x 12% x 2/4 (96,000) Applied IT (48,000) 48,000 VAT payable 96,000 z Page Page S orm 240,000 x 12% 28,800 44,800 x 12/112 (4,800) 67,200x2% 4344 67,200 X 12/112 7.200) VAT payable 46,800 e558 C orm 500,000 x 12% 60,000 400,000 x 12% 42,000 420,000 x 12% (44,400) 5,000 x 12% x 6/8 (450) VAT payable $7,150 6659 C Sales 800,000 Purchase (230,000) ‘Supplt (6,000) WAT 5,000 x 12% x 2/8 (150) OP. expenses (350,000) Net income (214,850) e7i7 Cc Private Entities Domestic Export Govt 500,000 x 12% 60,000 60,000 500,000 x 0% = ‘own IT (go,000) (20000) ‘Std. IT 500,000 x7% (95,000) Allocated IT 120,000 1/4 gogo) (30.000), ——— VAT payable aS Excess IT (50,000) Final VAT 25,000 eats B a9 D 70120 A ICDE

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