TAX-6148 - Income Taxation oed answer key
Showing 21 to 40 of 75 total answers.
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Awesome StudentQuestion • Income Taxation
The Philippine tax laws are not political and penal in nature.
Answer
TRUECorrect
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Awesome StudentQuestion • Income Taxation
All amounts received from a life insurance annuity are taxable.
Answer
FALSECorrect
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Awesome StudentQuestion • Income Taxation
Normal taxes are usually subject to creditable withholding tax.
Answer
TRUECorrect
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Awesome StudentQuestion • Income Taxation
Protection is the basic consideration that justifies tax situs.
Answer
TRUECorrect
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Awesome StudentQuestion • Income Taxation
A tax evader sidesteps the law, while the tax avoider breaks it.
Answer
FALSECorrect
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Awesome StudentQuestion • Income Taxation
These refer to the last day for filing return and payment of tax.
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Awesome StudentQuestion • Income Taxation
All of the following are administrative functions of taxation except
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Awesome StudentQuestion • Income Taxation
Below are the legal sources of income. Select three sources of income.
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Awesome StudentQuestion • Income Taxation
Which of the following is not an activity involving tax administration?
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Awesome StudentQuestion • Income Taxation
All of the following are National taxes as to collecting authority except
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Awesome StudentQuestion • Income Taxation
In general, bills need not to be signed by the President to become a law.
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Awesome StudentQuestion • Income Taxation
The deferred payment method adopts the present value of reporting income.
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Awesome StudentQuestion • Income Taxation
Gain from redemption of shares in mutual fund is exempted from income tax.
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Awesome StudentQuestion • Income Taxation
Which of the following characteristics describes our internal revenue laws?
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Awesome StudentQuestion • Income Taxation
The tax doctrine of Marshall Dictum explains that tax is a power to destroy.
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Awesome StudentQuestion • Income Taxation
Which of the following remedies against double taxation requires tax treaty?
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Awesome StudentQuestion • Income Taxation
Passive income is subjected to normal tax only if not subjected to final tax.
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Awesome StudentQuestion • Income Taxation
The th month pay and other benefits amounting to P, and below are not taxable
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Awesome StudentQuestion • Income Taxation