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- 25. S1: In order for passive income to be subject to final tax under section 24 (B) of the NIRC, the income must be derived from sources within or without the Philippines. S2: An income that is exempted from income tax under the law, is not subject to withholding tax. S3: Dividend income earned by a resident citizen is always subject to 10% final tax. Which is True? Group of answer choices a. Only S1 is True b. Only S2 is True c. Only S3 is True c. Only S3 is TrueIf the Singaporean dollar appreciates by 12.63% against the Malaysian Ringgit, then by how much has the Malaysian Ringgit depreciated against the Singaporean dollar? Question 1Answer a. 12.63% b. 0.00% c. 11.21% d. -12.63% e. 11.92%2022 ANNUAL RATES INDIVIDUAL INCOME TAX SCHEDULE NO CHARGEABLE INCOME RATE OF TAX First GHS 4,380 Nil Next GHS 1,320 5 percent Next GHS 1,560 10 percent Next GHS 36,000 17.5 percent Next GHS 196,740 25 percent Exceeding GHS 240,000 30 percent Question 2(a) Taxation as a fiscal policy is a very helpful tool in most economies, however some researcher believes that in Ghana, it has become a curse to the economic development and growth of the country. Discuss
- 8. Imposed on dividend, interest, and royalty payments to foreign investors. This is: a. Border tax b. Transfer tax c. Withholding tax d. Value-added tax.14-An Omani exporter expecting that appreciation of OMR in relative to USD. How it will affect if the Omani exporter's receipts are in USD? a. USD depreciated relative to OMR, hence the exporter receive fewer OMR b. OMR depreciated relative to OMR, hence the exporter receive fewer OMR c. None of the options d. USD appreciated relative to OMR, hence the exporter receive fewer OMRBangladesh Income Tax **It is true that the nature of Government influences the formulation of taxation policy. What are the other factors the policy makers have to consider for an effective taxation policy? (500 word min)
- QUESTION 1Everything else equal, the Phillips-curve in a country will shift upwards when the unemployment rate fallsthe central bank cuts interest ratesoil prices risethe government reduces tax rates on labour QUESTION 2Consider a country with a flexible exchange rate. If the central bank of this country raises its interest rate by 0.5%-points, whereas observers had anticipated an increase of only 0.25%-points, one can expect that: Bond prices and stock prices rise, the country’s currency depreciatesBond prices rise, stock prices fall, the country’s currency appreciatesBond prices fall, stock prices rise, the country’s currency depreciatesBond prices and stock prices fall, the country’s currency appreciates QUESTION 3We asked five students to give us three possible sources of an increase of the monetary base in the economy. Only one of the students came up with a completely correct list. This list included: an increase in central bank lending to banks, a purchase of…4 Which of the following statements is/are correct?I. Tax evasion in one year can be offset by paying excessive taxes in the following year.II. Taxation can be exercised by local government units even without a previous constitutional authorityIII. Tax laws should always be aimed at revenue collection.IV. A tax is a voluntary donation to the government.V. The salary of the President of the Philippines is not subject to income tax. Group of answer choices Answer not given I, IV and V All statements are correct IV and V II, III and V III, IV and V All statements are incorrectQuestion1.gif” alt=”Question 1 unsaved”>The Federal estate and gift taxes areexamples of progressive taxes.Question 1 options: True False SaveQuestion 2.gif” alt=”Question 2 unsaved”>The FICA tax (Medicare component) onwages is progressive since the tax due increases as wagesincrease.Question 2 options: True False SaveQuestion 3.gif” alt=”Question 3 unsaved”>Some states use their state incometax return as a means of collecting unpaid sales and use taxes.Question 3 options: True False SaveQuestion 4.gif” alt=”Question 4 unsaved”>No state has offered an income taxamnesty program more than once.Question 4 options: True False SaveQuestion 5.gif” alt=”Question 5 unsaved”>The ad valorem taxon personal use personalty is more often avoided by taxpayers than the advalorem tax on business use personalty.Question 5 options: True False Save Question 6.gif” alt=”Question 6 unsaved”>A VAT (value added tax):Question 6 options: Is regressivein its effect. Has not proved popular…
- 6. S1: Minimum corporate income tax (MCIT) is imposable on all domestic and resident foreign corporations regardless of whether they are subject to regular or preferential tax. S2: If a newly-registered domestic corporation commenced business operations in 2020, MCIT is imposable in 2024. Group of answer choices a. Only S1 is true b. Only S2 is true d. Both are false c. Both are true4. a) Explain why Customs (Amendment) Act 2018 and Free Zones (Amendment)Act 2018 was introduced by Parliament. b) Provide the requirements of issuing invoices under the Sales Tax Act 2018. Answer should not be less than 400 words. Elaborate as mush as you can. This is not a Bussines Law Question. This is a Tax based question. Please answer the question if can, if u can't, don't reject the question let others to answer. Thank you.4. a) Explain why Customs (Amendment) Act 2018 and Free Zones (Amendment)Act 2018 was introduced by Parliament. b) Provide the requirements of issuing invoices under the Sales Tax Act 2018. This is not a Bussines Law Question. This is a Tax based question. Please answer the question if can, if u can't, don't reject the question let others to answer. Thank you.
