5. Who can impose tax on taxpayers? a. The Commissioner of the Bureau of internal Revenue b. The Congressmen and the Senators of the Philipines C. The President of the Philippines d. The secretary of the Department of Finance 6. All of the following are correct except one. a. The source of interest income is the country where the debtor resides. b. The source of interest income is the country where the creditor resides. C. Rents or royalties are considered derived from the country where the property is located. d. Income from personal services is considered derived from the country where the services were rendered. 7. The following winnings are exempt from income tax prior to effectivity of RA No. 10963 (TRAIN LAW), except? a. Lotto Winnings b. Winnings from PCSO c. Winnings from raffle of a private company d. None of the Above 8. John computed his tax and voluntarily paid the same thru the bank. The BIR concluded that John underraid, The underpayment was determined thru: a. Taxation b. Levy C. Assessment d. Collection 9. The sources from which income is derived a. Labor C. Profits derived from sale or exchange of capital assets b. illegal Activities d. All of the above

5. Who can impose tax on taxpayers? a. The Commissioner of the Bureau of internal Revenue b. The Congressmen and the Senators of the Philipines C. The President of the Philippines d. The secretary of the Department of Finance 6. All of the following are correct except one. a. The source of interest income is the country where the debtor resides. b. The source of interest income is the country where the creditor resides. C. Rents or royalties are considered derived from the country where the property is located. d. Income from personal services is considered derived from the country where the services were rendered. 7. The following winnings are exempt from income tax prior to effectivity of RA No. 10963 (TRAIN LAW), except? a. Lotto Winnings b. Winnings from PCSO c. Winnings from raffle of a private company d. None of the Above 8. John computed his tax and voluntarily paid the same thru the bank. The BIR concluded that John underraid, The underpayment was determined thru: a. Taxation b. Levy C. Assessment d. Collection 9. The sources from which income is derived a. Labor C. Profits derived from sale or exchange of capital assets b. illegal Activities d. All of the above

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter12: Tax Administration And Tax Planning

Section: Chapter Questions

Problem 12P

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Similar questions

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