P-l-e-a-s-e- -a-n-s-w-e-r- -t-h-e- -f-o-l-l-o-w-i-n-g- -b-a-s-e- -i-n- -P-h-i-l-i-p-p-i-n-e- -i-n-c-o-m-e- -T-a-x-a-t-i-o-n: A-r-e- -t-h-e-r-e- -i-n-c-o-m-e-s- -o-f- -P-h-i-l-i-p-p-i-n-e- -G-o-v-e-r-n-m-e-n-t- -w-h-i-c-h- -a-r-e- -s-u-b-j-e-c-t- -t-o- -t-a-x-? S-t-a-t-e- -t-h-e- -r-u-l-e-s- -w-h-e-n- -p-r-i-z-e-s- -a-n-d- -a-w-a-r-d-s- -a-r-e- -t-a-x-e-x-e-m-p-t-.
P-l-e-a-s-e- -a-n-s-w-e-r- -t-h-e- -f-o-l-l-o-w-i-n-g- -b-a-s-e- -i-n- -P-h-i-l-i-p-p-i-n-e- -i-n-c-o-m-e- -T-a-x-a-t-i-o-n:
A-r-e- -t-h-e-r-e- -i-n-c-o-m-e-s- -o-f- -P-h-i-l-i-p-p-i-n-e- -G-o-v-e-r-n-m-e-n-t- -w-h-i-c-h- -a-r-e- -s-u-b-j-e-c-t- -t-o- -t-a-x-?
S-t-a-t-e- -t-h-e- -r-u-l-e-s- -w-h-e-n- -p-r-i-z-e-s- -a-n-d- -a-w-a-r-d-s- -a-r-e- -t-a-x-e-x-e-m-p-t-.
W-h-e-n- -i-s- -p-r-i-z-e- -a-n-d- -a-w-a-r-d-s- -i-n- -s-p-o-r-t-s- -c-o-m-p-e-t-i-t-i-o-n- -n-o-t- -t-a-x-a-b-l-e?
A-r-e- -i-n-t-e-r-e-s-t- -e-a-r-n-e-d- -a-n-d- -g-a-i-n- -r-e-a-l-i-z-e-d- -f-r-o-m- -c-e-r-t-i-f-i-c-a-t-e- -o-f- -i-n-d-e-b-t-e-d-n-e-s-s- -w-i-t-h- -m-a-t-u-r-i-t-y- -o-f- -m-o-r-e- -t-h-a-n- -5- -y-e-a-r-s-,- -e-x-e-m-p-t- -f-r-o-m- -i-n-c-o-m-e- -t-a-x-? E-x-p-l-a-i-n-.
A-r-e- -a-l-l- -r-e-t-i-r-e-m-e-n-t- -b-e-n-e-f-i-t- -p-l-a-n-s- -r-e-q-u-i-r-e-d- -t-o- -b-e- -a-p-p-r-o-v-e-d- -b-y- -t-h-e- -B-I-R- -t-o- -b-e- -e-x-e-m-p-t- -f-r-o-m- -t-a-x-?-
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