Which of the following is true?* Donations to any person is exempt if the amount of donation does not exceed P250,000. Donation to a stranger is not allowed by law. Donation to relatives are exempt from donor's tax. Donor's tax is a local tax.

Which of the following is true?* Donations to any person is exempt if the amount of donation does not exceed P250,000. Donation to a stranger is not allowed by law. Donation to relatives are exempt from donor's tax. Donor's tax is a local tax.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter16: The Public Sector

Section: Chapter Questions

Problem 3SQ

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Question

Which of the following is true?*

Donations to any person is exempt if the amount of donation does not exceed P250,000.

Donation to a stranger is not allowed by law.

Donation to relatives are exempt from donor's tax.

Donor's tax is a local tax.

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