Which of the f ollow ing indi vidua ls shall no t be subje ct to the inco me tax und er Secti on 24 (A)? I n d i v i d u a l c i t i z e n o f t h e P h i l i p p i n e s r e s i d i n g t h e r e i n; b. Indiv idual cit izen of the P hilipp ines wh o resid ing out side the Ph ilippi nes inc luding o ver seas contract workers; c. Ind ivi dua l ali en wh o is a re sid ent o f the Ph ilip pin es; d. Indiv idual alien who is no t a r esid ent o f the Philipp ines. Wh ic h of th e fo ll ow in g in co me is no t fr om a re la te d tr ad e, bu si ne ss or acti vi ty of a do me sti c proprietary educational institution? In co m e fr o m re nt o f av a il ab le o ff ic e s p ac es in o ne o f th e s ch o o l b ui ld in g s b.

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How much i s the annual comm unity tax fo r ind ividu als? Unde r this syst em ther e is a merger of all the p rope rties of th e husban d and the wife ow ned by the m at the time of the celebration of the marriage, or those acquired thereafter. C o n j u g a l p a r t n e r s h i p o f g a i n s b. Hp 1050c Driver For Windows 10 more.

Abs olu te co mmu nit y o f p rop ert ies c. Com ple te sep ar atio n o f pro per tie s d. No ne of th e ch oi ce s 5.

Which is n ot an esse ntial char acter istic of ta x? L i m i t e d a s t o a m o u n t b. Pr op or ti on at e in ch ar ac te r c.

P a y ab le in mo ne y d. R e gu la r p a y m en t 6. A c on tr ac t of sa le i s no t a D a. P r i n c i p a l c o n t r a c t c. C o n s e n s u a l c o n t r a c t b. N o m i n a t e c o n t r a c t d. R e a l c o n t r a c t 7.

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It is the right o f the mort gago r to rede em the pr oper ty that was m ortg aged aft er it was so ld. E q u i t y o f r e d e m p t i o n c. R i g h t o f s u b r o g a t i o n b. Ri gh t of re de mp ti on d.

Ri gh t of pr e- em pt io n 10. A with viole nce in her eyes intimid ated her husban d B to sell his excl usiv e proper ty to her. The contract of sale is B a. R e s c i s s i b l e c. U n e n f o r c e a b l e b. V o i d a b l e d.

Which of the a bov e will be sub ject to a 25% civ il penalt y of the tax or o f the defici ency ta x? Wi ll fu l n eg le c t to fi le th e r et ur n w it hi n t he pe r io d p r es cr ib ed by th e T ax C o d e o r r ul e s a n d regulations b. A fal se o r fra udu len t ret urn i s wil lfu lly m ade c. A per son w ho is n ot V AT -regi stere d issu es an in voic e or rec eipt sh owing his TI N, follo wed by the word 'VAT' d. Fail ure to file a ny retu rn and pa y the tax du e there on as req uired u nder th e prov ision s of the Tax Code or rules and regulations on the date prescribed 2. Which of the follow ing state ment s is INCO RRECT?

Th e a m ou nt o f “ d e m in im is ” b e ne fi ts c o nf or m in g t o t he c e il in g p r es cr ib ed in th e T ax C o d e shall not be considered in determining the P30,000 ceiling of “other benefits” included in the exemp t 13th month and other benefits; b. If the emplo ye r pays mor e than the ceili ng pres cri bed for “d e minimi s” ben efit s, the excess shall be taxable to the employee receiving the benefits only if such excess is beyond the P30,000 ceiling.

Any am ount giv en by the emplo yer a s bene fits to its e mplo yee s, whet her clas sified as de minimis or fringe benefits, shall constitute as deduction upon such employer; d. Re pre sen tati on and tr ans por tat ion allo wan ce which are fixed in amo unt s and regu lar ly received by the employees as part of their monthly compensation shall be treated as taxable fringe benefits if received by managerial and supervisory employ ees. Jose Jo sue qua lified a s head o f a house hold fo r 2007 tax p urpo ses.