Taxation Reviewer
Business Law & Taxation
EASY ROUND
1. Which of the following individuals shall not be subject to the income tax under Section 24 (A)?
|D |a. |Individual citizen of the Philippines residing therein; |
| |b. |Individual citizen of the Philippines who residing outside the Philippines including overseas contract workers; |
| |c. |Individual alien who is a resident of the Philippines; |
| |d. |Individual alien who is not a resident of the Philippines. |
2. Which of the following income is not from a related trade, business or activity of a domestic proprietary educational institution?
|A |a. |Income from rent of available office spaces in one of the school buildings |
| |b. |Income from the hospital where medical graduates are trained for residency |
| |c. |Income from the canteen situated within the school campus |
| |d. |Income from bookstore situated within the school campus |
3. How much is the annual community tax for individuals?
|D |a. |P 25 |c. |P 10 |
| |b. |P 20 |d. |P 5 |
4. Under this system there is a merger of all the properties of the husband and the wife owned by them at the time of the celebration of the marriage, or those acquired thereafter.
|B
EASY ROUND
1. Which of the following individuals shall not be subject to the income tax under Section 24 (A)?
|D |a. |Individual citizen of the Philippines residing therein; |
| |b. |Individual citizen of the Philippines who residing outside the Philippines including overseas contract workers; |
| |c. |Individual alien who is a resident of the Philippines; |
| |d. |Individual alien who is not a resident of the Philippines. |
2. Which of the following income is not from a related trade, business or activity of a domestic proprietary educational institution?
|A |a. |Income from rent of available office spaces in one of the school buildings |
| |b. |Income from the hospital where medical graduates are trained for residency |
| |c. |Income from the canteen situated within the school campus |
| |d. |Income from bookstore situated within the school campus |
3. How much is the annual community tax for individuals?
|D |a. |P 25 |c. |P 10 |
| |b. |P 20 |d. |P 5 |
4. Under this system there is a merger of all the properties of the husband and the wife owned by them at the time of the celebration of the marriage, or those acquired thereafter.
|B