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Income Taxation

75 answers

All of the following are not taxes except
  • custom dutiesCorrect Correct
Below are the legal sources of income. Select three sources of income.
  • Salary, Gambling, Bonus, RebatesCorrect Correct
Distinctions of Income
  • Capital, Revenue, ReceiptsCorrect Correct
It is twenty five percent (25%) surcharge.
  • Simple NeglectCorrect Correct
It terminates or condenses the taxpayer's period.
  • Jeopardy AssessmentCorrect Correct
Select the right answer.
  • Installment of payments. → Annuities, Reward for an event. → Winning, By month. → Salary, Illegal source of income → Embezzlement, Reward for a contest. → Prize, By hour, day, week. → Wage, Allowance on his retirement. → Pension, Amount of wealth plus savings and earnings. → Income, Leasehold improvement is recognized. → Outright Method, Total earnings from whatever source. → Gross Income Correct
The following are business taxes except
  • custom dutiesCorrect Correct
Tips are taxable.
  • TRUECorrect Correct
Where are the sources of Income come from?
  • Within the Philippines, Partly within the Philippines, Partly without the Philippines, Outside PhilippinesCorrect Correct
Which of the following characteristics describes our internal revenue laws?
  • Generally, prospective in operation although the tax statute may nevertheless operate retrospectively provided it is clearly the legislative intentCorrect Correct
Which of the following is not an activity involving tax administration?
  • Passage of tax laws and ordinance through the legislatureCorrect Correct
Which of the following is not within the scope of authority of the BIR Commissioner?
  • To exercise the levying function of taxationCorrect Correct
Which statement is wrong? A revenue bill
  • may have a House version and a Senate version approved separately and then consolidated, with both houses approving the consolidation versionCorrect Correct
Who is the BIR Commissioner?
  • Commissioner Caesar R DulayCorrect Correct
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