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tax question

Forums › ACCA Forums › ACCA TX Taxation Forums › tax question

  • This topic has 1 reply, 1 voice, and was last updated 14 years ago by choonfah87.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • September 28, 2010 at 2:45 am #45397
    choonfah87
    Member
    • Topics: 13
    • Replies: 67
    • ☆☆

    fazilla catering is a vat registered business, john ordered buffer for his birthday with the following item:
    price per person:$20 pax
    number of people:40
    trade discount:15%
    term of payment :60 days net 3/07 2% penalty for late payment.
    what is the amount of VAT to be charged on this invoice?
    A $104.52
    B $119
    C$115.43
    D$140.00

    • Q3 what is the total amount payable by john on the invoice,if he settle the invoice on the 55th days from the invoice day.
    A $799
    B $775.03
    C $778.60
    D $795.43
    i have no idea how to do…this part.
    Q4 what is the amount to be paid by john if he pay on the 4th day of the invoice?
    A $799
    B $775.03
    C $778.60
    D $795.63
    Q5 what is the amount to be paid by john if he pay after the due date?
    A $799
    B $795.43
    C $778.60
    D $809.63

    September 28, 2010 at 2:45 am #68793
    choonfah87
    Member
    • Topics: 13
    • Replies: 67
    • ☆☆

    anyone can show me the showing how to do.

    i cannnot get the answer.

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    Posts
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