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Compute the total zero-rated sales or receipts

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Reference no: EM132888177

Question - Johnny Company, a maintenance contractor, had the following receipts from the following clients in June 2015:

Receipt from Development Bank of the Philippines P1,000,000

Receipts from Oceania, an international carrier 1,200,000

Receipts from International Rice Research Institute 800,000

Required - Compute the total zero-rated sales or receipts.

a. P0

c. P2,000,000

b. P800,000

d. P3,000,000

Reference no: EM132888177

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