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00" e#ce$t% a. b. c. d. &rofessionals actors actresses talent singers etc. 'an(s and non)ban( financial inter*ediaries +er,ices $erfor*ed as $rofessional athletes -abarets night clubs and racetrac(s
!. E#$ort of .ari(ina shoes is subject to% a. b. c. d. ". 1!/ VAT 0/ VAT E#e*$t +$ecific Ta#
Assess*ent is necessary in the following cases e#ce$t% a. b. c. d. before the $reli*inary in,estigation of a fraudulent ta# e,asion case could $ros$er to fi# the ta# liability of a ta#$ayer establish a case for judicial action for issuance of warrant of distraint or le,y
The $rescri$ti,e $eriod for collection of ta#es is% a. 10 years fro* disco,ery of o*ission to file return falsity or fraud if there is no assess*ent b. " years fro* filing of return c. 1 years fro* release of assess*ent d. a and c are correct
2*$ortation of auto*obiles is subject to% a. b. c. d. e. 3raduated Ad ,alore* ta# of !/ to 40/ VAT of 1!/ +$ecific ta# a and b E#e*$t
The *anufacture and i*$ortation of the following for local consu*$tion are subject to e#cise ta# e#ce$t% a. b. c. d. alcohol $roducts tobacco $roducts cine*atogra$hic fil*s *ineral $roducts
6o*estic sale of bagoong is% a. b. c. d. e. e#e*$t fro* VAT subject to 1!/ VAT if gross annual sales e#ceed &1.1. subject to 0/ VAT subject to "/ $ercentage ta# if e#e*$t fro* VAT b and d are correct
The '2R co**issioner *ay888888888 $ay*ent of internal re,enue ta# when it a$$ears to be unjustly or e#cessi,ely assessed or that the ad*inistrati,e and collection costs in,ol,ed do not justify the collection thereof. a. co*$ro*ise
b. abate c. credit d. refund 9. 9o credit:refund of ta#es shall be allowed unless the ta#$ayer% a. b. c. d. 10. ;iles a written clai* for credit:refund with the '2R within ! years fro* $ay*ent &ays the ta# under $rotest A$$eals to the -TA A*ends his ta# return
Assess*ent is% a. b. c. d. A written notice of the ta# due 'ased on facts and not $resu*ed 6e*and for $ay*ent of the ta# within a $rescribed $eriod of ti*e All of the abo,e
The following are re<uired to (ee$ boo(s of accounts e#ce$t% a. b. c. d. -or$orations and $artnershi$s &ersons engaged in trade or business in the &hili$$ines &ersons who earn $assi,e inco*e 9one of the abo,e
Re<uire*ents in order that retire*ent benefits *ay be e#e*$t fro* inco*e ta#% a. .ust be $aid to an e*$loyee who is at least 10 years old and has ser,ed his e*$loyer for at least 10 years b. E#e*$tion fro* ta#ation of retire*ent benefit *ust be a,ailed of only once c. The benefit *ust be recei,ed under an e#isting -ollecti,e 'argaining Agree*ent d. a and b only
;or $ur$oses of the donor=s ta# the following are considered strangers% a. b. c. d. 'rother or sister whether whole or half)blood Relati,es by consanguinity in the collateral line within the 0th ci,il degree Relati,es by affinity e#ce$t the s$ouse of the donor 9one of the abo,e
The s$ecial deductions fro* the gross estate are the following e#ce$t% a. b. c. d. Judicial e#$enses in testate or intestate $roceedings +tandard deduction ;a*ily ho*e u$ to &1 000 000 .edical E#$enses within one year fro* the death of the decedent not e#ceeding &100 000
;uneral e#$enses that can be clai*ed as deduction fro* the gross estate should be% a. b. c. d. Actual a*ount incurred 9ot e#ceeding &!00 000 1/ of the gross estate The lowest of the abo,e figures
The usual *odes of a,oiding the occurrence of double ta#ation are% a. b. c. d. Reci$rocal e#e*$tion either by law or treaty Ta# credit for foreign ta#es $aid 6eduction for foreign ta#es $aid All of the abo,e
b. 9one of the abo.erse econo*ic conditions an ordinance is $assed by ?ue>on -ity granting a 10/ discount for $ay*ent of un$aid real estate ta#es for the $receding year and the condonation of all $enalties on fines resulting fro* the late $ay*ent. d.ide for such rei*burse*ent. @hich of the following state*ents are trueA a. All of the abo. c.alent to one)half of the real estate ta#es he $aid. The suit will not $ros$er because the ordinance is based on substantial distinction. The contention is incorrect because ta#es are enforced contributions. @ill his suit $ros$erA a. -ri*inal ta# fraud cases @ithholding ta# cases 6elin<uent accounts with duly a$$ro. b. e. 6ue to a series of ty$hoons and ad. The suit will $ros$er because the ordinance is discri*inatory in character. b. Resident . Jose files suit to declare the ordinance . The suit will $ros$er because the ordinance is not based on substantial distinction. 3 .ides that salaries of judges shall be fi#ed by law and that during their continuance in office their salary shall not be decreased a judge of a Regional Trial -ourt <uestioned the deduction of withholding ta#es fro* his salary since it results into a net deduction of his $ay. c. c.oid on the ground that it is a class legislation. The suit will not $ros$er because ta#es are the lifeblood of the go. 9on)resident aliens not engaged in trade:business in the &hili$$ines are not allowed any $ersonal e#e*$tions c. c. The $eriodic decrease in the . b.e !1.ern*ent.ed schedule of $ay*ents All of the abo. 9o. 2s the contention of the judge correctA a. e. Arguing that the ordinance rewards delin<uent ta#$ayers and discri*inates against $ro*$t ones Jose de*ands that he be refunded an a*ount e<ui.alue of a fi#ed asset due to wear and tear obsolescence or inade<uacy a. 9one of the abo.e. The contention is not correct because deduction of withholding ta#es is not a di*unition conte*$lated by the funda*ental law.ern*ent and should be collected without unnecessary hindrance. d. The contention is incorrect because ta#es *ust be collected in order to su$$ort the go. The following cases *ay not be co*$ro*ised% a. d. Each set of ta#es is a class by itself and the law would be o$en to attac( only if all the ta#$ayers belonging to one class were not treated ali(e. de$letion de$reciation ca$ital loss s$ecial loss !0.ili$ino citi>ens with inco*e fro* foreign sources only are allowed $ersonal and additional e#e*$tions b. 9o. Jose is a law)abiding citi>en who $ays his real estate ta#es $ro*$tly.e 17. The contention is incorrect because deduction of withholding ta#es is re<uired by law. -iting +ection 10 Article V222 of the 1975 -onstitution which $ro. 9o.15.e 19. 9on)resident aliens engaged in trade:business in the &hili$$ines are allowed $ersonal e#e*$tions based on reci$rocity d. 9o. d. The *unici$al attorney rendered an o$inion that Jose cannot be rei*bursed because the ordinance did not $ro.
@hat ad. E#$ort sales of goods 6o*estic sale of goods in the regular course of trade or business . +ubse<uently the *unici$al board $ro$osed an ordinance i*$osing a sales ta# e<ui. Tony has inad. The a*ount of the loss should not e#ceed the inco*e before e#e*$tions in the year when the loss was sustained c. d. d. c.ice will you gi. b.er% a. c. d.e TonyA a. @hich of the following cannot be considered as ta# a. 'arbaran *unici$ality has an ordinance which re<uires that all stores restaurants and other establish*ents selling li<uor should $ay a fi#ed annual fee of &!0 000. @hich of the following VAT transactions are not considered >ero)ratedA a.e !". e. This is a su**ary ad*inistrati. b. c. The refusal of the *ayor is unjustified because it is not within his $ower.orfeiture Ta# lien !5. +$litting of donation +ur.e !7. d. 9one of the abo. c. The *unici$al *ayor refused to sign the ordinance on the ground that it would constitute double ta#ation.orshi$ agree*ent Colding $eriod for ca$ital asset transactions 9one of the abo. !4. c.alidity of assess*entA a. 9o. 9o.oreign currency deno*inated sale +ale of gold to 'ang(o +entral ng &ili$inas !1.ed when there is a net ca$ital loss carry o. 9o. b.!!. @hat is the *ini*u* co*$ro*ise rate in cases of doubtful . Be. 2s the refusal of the *ayor justifiedA a. The refusal of the *ayor is unjustified because double ta#ation is allowed in our jurisdiction. A*end his !000 2nco*e Ta# return to reflect the correct a*ount of inco*e 4 . .enues.e.e re*edy sei>ure of real $ro$erty to enforce $ay*ent of ta# due% a. The loss carried o. The following conditions shall be obser.ery in !001 the '2R issued an assess*ent for deficiency inco*e ta# for &100 000 $lus 10/ fraud surcharge.ertently o*itted &100 000 inco*e in his !000 2nco*e Ta# Return.er is for a holding $eriod not e#ceeding 1! *onths b. The ta#$ayer should not be a cor$oration d. b. 00/ of the basic assessed ta# 10/ of the basic assessed ta# 9o li*itation &1 000 000 !0. U$on disco. The refusal of the *ayor is not justified because the i*$ositions are of different nature and character.i. 9o. b. All of the abo.alent to 1/ of the a*ount $aid for the $urchase or consu*$tion of li<uor in stores restaurants and other establish*ents. The refusal of the *ayor is not justified because double ta#ation will generate *ore re. d.eanwhile Tony included the o*itted &100 000 inco*e in his !001 2nco*e Ta# Return.oidanceA a.y 6istraint .
Ce is also e#$orting canned and $reser. Ce is liable for VAT registration fee of % a.art and Aran<ue . c. a. b.icti*s of cala*ities &"00 000 to 2'& @hich of the abo. '2R -o**issioner 5 . c.es that a ta# ordinance is unconstitutional should a$$eal to% a.ery is% a.enue or the 'ureau of -usto*s where the $rinci$al a*ount of ta#es and fees e#clusi.e the following donations% a.ern*ent 6eficit to 3ross 6o*estic &roduct in the $re. Any of the abo.ious year e#ceeds 1 D / c. 29 !000 she was able to reco. Any of the following conditions should be *et to enable the &resident to increase the VAT fro* 10/ to 1!/ starting January 1 !004% a.er the bad debts written off in full.er all cri*inal offenses arising fro* . d.il or cri*inal action is filed by the '2R in court 8888888888888 is necessary% a.e of charges and $enalties clai*ed is one *illion $esos or *ore. 9ational 3o. d. b. A$$ro. c.e and original jurisdiction o.ar(ets. c. &100 000 to the 2glesia ni Eristo &100 000 for ca*$aign e#$enses of a senatorial candidate &!00 000 to .ious year e#ceeds ! 0:1/ b.inance A$$ro.ed fruits to Ja$an.e !9. "1. 2n !000 Allan ga. The bad debts reco. b. Ta#able to the e#tent of &170 000 Ta#able to the e#tent of &!0 000 Ta#able to the e#tent of &!00 000 9ot ta#able "1. A ta#$ayer who belie. d.iolations of the 9ational 2nternal Re. VAT ta# effort to 3ross 9ational &roduct e<uals 0/ d. d. 2n !000 he *ade a gross sales of &! 000 000. "0.b.etro$olitan Trial -ourt -ourt of Ta# A$$eals +ecretary of Justice "!.enue -ode or Tariff and -usto*s -ode and other laws ad*inistered by the 'ureau of 2nternal Re.al of the +ecretary of Justice A$$ro. c.al of the '2R -o**issioner A$$ro. VAT collection to 3ross 6o*estic &roduct in the $re. b. 'efore any ci. &100 &1 000 &1 100 E#e*$t +hirley was allowed to deduct &!00 000 bad debts written off in !00" where she had a net inco*e before bad debts of &170 000 and a net loss of &!0 000. &ay the assessed ta# $lus surcharge and thereafter as( for refund c.al of the &resident The 88888888888 has e#clusi. &rotest the assess*ent d. d. '2R -o**issioner . Tino is engaged in buying and selling of fresh fruits at the ?). Either a or b "". b.al of the +ecretary of .e donations are subject to donor=s ta#A "0.
e injustice to the ta#$ayer. .ed by% a. Resident .e 00. 3ross recei$ts of carni.ed fro* a do*estic cor$oration are subject to final ta# of 10/ if recei. d. Fes.e . 0!. c.ate $erson All of the abo.b. Audit certificate of an inde$endent -&A -o*$arati. c. c. b. b. b.ersal of the ruling is consistent with the lifeblood doctrine. b.e*ent constructed on the leased land 2ncrease in *ar(et .oluntarily resigned Value of leasehold i*$ro. The re. d. Fes. +alary of far* wor(ers in the for* of $roducts raised in the far*.ersal of the ruling is within the $ower of the '2R. d.inancial +tate*ents +chedule of Ta#es and Bicenses +u**ary of 2nco*e $ay*ents "9. The re.ersal of the ruling is not $rejudicial to the ta#$ayer. d.ersed the ruling and issued a new one stating that the ta# co.enue on that issue.er the '2R re. 9one of the abo. The '2R issued a ruling that $rinting co*$anies are not co. c. -ash di.e "7.ersal of the ruling does not result in gra. The re. +e$aration $ay of e*$loyees who .idends recei. The $rinci$le that where a clai* for refund:credit is filed beyond the $rescri$ti. d. 3ross recei$ts of cine*ahouses 6 .ili$ino citi>en 01. 6ue to an uncertainty whether or not a new ta# is a$$licable to $rinting co*$anies A'&rinters sub*itted a legal <uery to the 'ureau of 2nternal Re.e $eriod it can still be a$$lied against other ta#es that *ay be due is% a. e. -ould the '2R now assess A'. Relying on this ruling A'.e. c. The following inco*e are not ta#able e#ce$t% a. b. e.&rinters did not $ay said ta#. -ourt of Ta# A$$eals "4. "5. &ublic $ur$ose Unifor*ity &rinci$le 9ot to let the collection of ta#es to $ri. Regional Trial -ourt d. b.ered by the new law. Another do*estic cor$oration Resident foreign cor$oration 9on)resident alien engaged in trade:business in the &hil. 6octrine of e<uitable benefit 6octrine of e<uitable recou$*ent E<uitable ta# benefit rule -ohan Rule The funda*ental $rinci$les of local ta#ation are% a. d.als b.ers $rinting co*$anies. The re.alue of land 9one of the abo. Fes. c.etro$olitan Trial -ourt c. +ubse<uently howe. The following are subject to a*use*ent ta#es% a. Fes. @here the gross inco*e of a ta#$ayer e#ceeds &110 000 $er <uarter his inco*e ta# return *ust be acco*$anied by% a.&rinters for bac( ta#es corres$onding to the years before the new rulingA a.
d. &rofessional bas(etball ga*es d. The '2R -o**issioner can in<uire into the ban( de$osit of the ta#$ayer in the following cases% a. b.er of the 'an( +ecrecy Baw All of the abo. To deter*ine the gross estate in estate ta# cases -o*$ro*ise on the ground of financial inca$acity Ta#$ayer e#ecutes a wai. d.e 05. c. d.e 07. -lassification to be . The &resident '2R -TA a and b only 01.e 04.e jurisdiction of a. d. c. 3a*bling de. The following are considered ta#es% a. c. c. b. b. c.ices Bi.inance 09. Rest on substantial distinction 3er*ane to the $ur$ose of the law 9ot li*ited to e#isting conditions only All of the abo. d. -ourt of Ta# A$$eals -ollector of -usto*s Regular courts +ecretary of .c. +ei>ure and forfeiture $roceedings are within the e#clusi.alid *ust% a.e 10. b. c. Bife insurance $roceeds shall not be included in ta#$ayer=s gross inco*e when% a. b. b. The following are $rohibited i*$ortations e#ce$t% a.e ani*als 7 . e. e. The '2R -o**issioner is e*$owered to% a. d. d. 00. b. The e<ual $rotection clause is subject to reasonable classification. c. 3ross recei$ts of circus 0".enue ta#es All of the abo. d. 2nter$ret ta# laws and decide ta# cases Gbtain infor*ation su**on and e#a*ine witnesses -ollect national internal re. The a*ount does not <ualify as inco*e The reci$ient is always the beneficiary The life insurance $olicy always $ro. c. Toll Bicense &enalty 9one of the abo. b.ides for e#clusion The a*ount is $aid u$on the death of the insured 9one of the abo. @ea$ons of war 2nsidious articles 9arcotic 6rugs.e The $ower to ta# *ay be delegated to% a.
All of the abo.e 11. -o*$ensation inco*e 6onation 2ndirect di.er is lower d.ar(ing duties 6iscri*inatory duties 9one of the abo.e birth to twins.ery.idend Either a or b 15. d.e*ber "0 !000 +AF ga. c.iling of collection case in court b. 2nfor*er=s reward is e<ual to a. Unfortunately howe. 6ue to co*$lications one of the twins also died on 6ece*ber 11 !000. c. b.il status% a. The following criteria need not be obser.er +AF died in the course of her deli. & 1 000 000 c. a or b whiche.onthly su$$ort regularly gi. c. +ingle . 2ssuance of warrant of distraint:le. d. 2naction of the '2R -o**issioner within 170 days fro* sub*ission of su$$orting docu*ents by the ta#$ayer d. J' got *arried to +AF last January !000. c. e.er is higher 17. The following '2R actions on the $rotest of an assess*ent are tanta*ount to denial thereof% a. 9ational security @elfare of the $eo$le Jurisdiction of the -usto*s -o**issioner 9ational Econo*y 10. The following are duty)free articles% 8 . d.e 14. a or b whiche.arried with ! de$endents Cead of the fa*ily with 1 de$endent Cead of the fa*ily with ! de$endents 9one of the abo. b.enues surcharges or fees collected by the '2R as a result of the infor*ation gi.e 1!.e 1". 10/ of re. -ancellation of debt of e*$loyee by his e*$loyer is ta#able as a. d. b. 6u*$ing duties .en b. Gn 9o. .ed in the e#ercise of the fle#ible $ower of the &resident under the Tariff J -usto*s -ode% a. Ta#able inco*e of *other +ubject to donor=s ta# E#e*$t fro* ta# 9one of the abo. 2n $re$aring his 2nco*e Ta# Return H2TRI for the year !000 what should J' indicate in the 2TR as his ci.en by an un*arried daughter to her aged *other. a. The following are s$ecial custo*s duties e#ce$t% a. c. .11. b. b. d.y c.
&ersonal articles Articles for re$air Articles for $ublic e#$osition:e#hibits All of the abo.e 41. b. The following are ta#ed li(e cor$oration a. d. d.oluntarily resigned if e*$loyee resigned at the age of 40 if the e*$loyer closed sho$ all of the abo.e 4".ed fro* sources within the &hili$$ines. c. b. d.a.e been re$laced by VAT $er RA 9""5 a. d. a. c. &hili$$ine 2nco*e Ta# Value Added Ta# Transfer Ta#es All of the abo. s$ecial ta# local ta# s$ecific ta# regressi. b. c. The following ta#es ha. &ublicly held cor$orations 2nsurance co*$anies 'an(s and other non)ban( financial inter*ediaries 9one of the abo.e 40. e*$loyed by regional area:o$erating head<uarters of *ultinational co*$anies e*$loyed by G'U e*$loyed by $etroleu* ser. The following are not subject to the i*$ro$erly accu*ulated earnings ta# e#ce$t% a. e. if se$aration is due to death sic(ness or injury of e*$loyee if e*$loyee . c.e The following non)resident aliens can be subject to 11/ inco*e ta# on inco*e deri.e ta# none of the abo.ice contractor and subcontractor all of the abo. c. 2f *onthly rental inco*e of a residential unit e#ceeds & 10 000 $er unit the sa*e shall be subject to 1!/ VAT. c. d. c.e 40. b. b. @hich of the following ta#es are not deductible fro* gross inco*e% a. d. a. c. d. a. e. 9 . general $rofessional $artnershi$ ordinary business $artnershi$ estates and trusts all of the abo. d. b. b. b.e 4!. VAT is a. fringe benefits ta# co**on carrier=s ta# caterer=s ta# $ercentage ta# on ban(s and finance co*$anies b and c only 41. 19. e. +e$aration $ay is ta#able. True without any further condition.e 44.
er is higher. d. True b.engeance when the court has no jurisdiction o. when there is a $rejudicial <uestion when double jeo$ardy is clearly a$$arent when charges are *anifestly false and *oti.er for the ne#t " years i**ediately following such $ay*ent d. c. The . The . . The .alse re<uired to register with the '2R but e#e*$t fro* the $ay*ent of registration fee c.-2T or the regular inco*e ta# whiche. The 'ica*eral -onference -o**ittee cannot *a(e unauthori>ed insertions on the +enate . c.es but the +enate *ay ado$t its own . d. e. A re.ringe 'enefits Ta# collectible fro* the e*$loyer and not fro* the e*$loyeeA a. d.alse it is e#e*$t if what is sold is a residential unit a and b are correct 49. The $reli*inary in. The ta#$ayer should $ay the . . 5!.'T is ensured because it is withheld at source The e*$loyee does not ha.e the *eans to $ay a and b are correct 50. b.-2T is not co*$uted <uarterly but on an annual basis c. b. .estigation of a fraudulent ta# e.alse this is e#e*$t fro* VAT under RA 9""5 45.asion case *ay be enjoined in the following cases. 47. The following are e#e*$t fro* a*use*ent ta#% a.ated by lust for .1. a. . True if *ade in the regular course of trade or business . b and c are incorrect 5". c. b.alse this is subject to 0/ VAT.enue bill shall originate e#clusi. b and c are correct 51.-2T is e<ual to !/ of the gross inco*e of the cor$oration b. The re<uire*ent of three se$arate readings on se$arate days cannot be dis$ensed with c. d.alse re<uired to $ay registration fee d.ersion b.-2T $ay*ents can be carried o. b.el of the e*$loyer -ollection of . c. 2n ruling on the constitutionality of the EVAT the +u$re*e -ourt held that% a. a. True only if the total gross annual rentals recei. @hy is the . A ta#$ayer with gross annual sales not e#ceeding &100 000 is e#e*$t fro* $ay*ent of business ta# and registration re<uire*ents.e +ale of real estate is subject to VAT a. d. @hich of the following state*ents is wrongA a. c.ersion of the bill d.alse it is e#e*$t if the real estate is classified as ca$ital asset .er the offense all of the abo. $rofessional bas(etball ga*es bo#ing e#hibitions billiards bowling c and d only 10 . Valuation of benefits is easier at the le. e.ed e#ceed & 1.b.ely in the Couse of Re$resentati.
ario do to sto$ the $rocessA a.y on the $ro$erties what could . b.ario dis$uted a deficiency ta# assess*ent and u$on recei$t of an ad.ed a warrant of le.erse decision by the -o**issioner of 2nternal Re. The *anufacture of casino rubbing alcohol is subject to% a. b.y on the real $ro$erties of . d. c. A ta# i*$osed at e.50. ta#icab o$erators co**on carriers trans$orting cargoes tourist buses *otor tricycles 51. & 10 000 & 9 000 & 7 000 & !1 000 59.ices and transactions dee*ed sale as well as i*$ortation of goods and ser.ices. b. Under RA70!0 the allowable deduction for *edical e#$enses of a resident decedent shall not e#ceed % a. b. b.y on the $ro$erties before the -ourt of Ta# A$$eals c. & 10 000 & 110 000 & 1 000 & 100 000 11 . A$$eal the '2R=s action to the -ourt of A$$eals b. e. 3ranting arguendo that the '2R can legally le. d. a. 6is$ute '2R=s le. @hile the a$$eal is $ending the '2R ser. $ri. c.enue filed an a$$eal with the -ourt of Ta# A$$eals. VAT $ercentage ta# s$ecific ta# ad.ario to enforce the collection of the dis$uted ta#.e 57. b. . The following are subject to "/ co**on carrier=s ta# e#ce$t% a. c. $ersonal ta# national ta# e#cise ta# direct ta# $rogressi. 2nco*e ta# is not a a. . c.e ta# 70. d. d.ilege ta# $ercentage ta# VAT e#cise ta# 55. d. d.ery stage of distribution $rocess on the sale barter or e#change of goods and ser. e. e.ile a *otion for injunction with the -ourt of Ta# A$$eals on the ground that such collection will jeo$ardi>e the interest of the ta#$ayer or the go. d. 9one of the abo. c. Additional e#e*$tion for each de$endent child $er RA 9100 a. c. +ecure a te*$orary restraining order before the +u$re*e -ourt.ern*ent.alore* ta# e#e*$t 54.
rs.ocable beneficiary re. the &resident the -ongress Judiciary '2R All of the abo. c. b.ersity of the &hili$$ines &A3-GR b and d 12 . c.ocable transfers transfer in conte*$lation of death clai*s against insol. The following are the re<uisites for inco*e to be ta#able e#ce$t% a. The following is not a ta#able inco*e of a resident . &hili$$ine Cealth 2nsurance -or$oration &hili$$ine 9ational Gil -o*$any Uni. 77.e 7". d. The standard deduction of & 1 000 000 fro* the gross estate is% a. d. inco*e fro* an illegal business inco*e fro* a business abroad inco*e fro* casino winnings fro* lotto none of the abo.e 70. d. Resident alien on inco*e deri.ent $ersons none of the abo. b. d.idual whose sole inco*e has been subjected to final withholding ta#. 9on)resident alien engaged in trade or business An indi.e 71. b. e. c. There *ust be gain or $rofit The gain *ust be recei. b. e. c. &er RA 9100 how *uch is the total $ersonal and additional e#e*$tion of . e. o$tional in addition to the ite*i>ed deductions not a.ailable to resident decedents in lieu of all ite*i>ed deductions 74.ed or reali>ed The gain *ust not be e#cluded by law or treaty fro* ta#ation The inco*e *ust e#ceed the $ersonal and additional e#e*$tions of the ta#$ayer 9one of the abo. & 51 000 & 00 000 & 100 000 & 07 000 7!. e. b. c. A who beca*e a widow during the ta#able year and su$$orting her *other and one *entally retarded illegiti*ate !1 year)old childA a. c. e. @ho a*ong the following are 9GT re<uired to file an inco*e ta# returnA a.71. d. c. c. d. @hich of the following are e#cluded fro* the gross estateA a. b. d.e 75. b.ili$ino citi>en% a.ed within the &hili$$ines. $roceeds of life insurance $olicy $ayable to an irre. @hich of the following are 9GT e#e*$t fro* inco*e ta#A a. b. . 'asically $ower of ta#ation is e#ercised by a.ili$ino citi>en with business inco*e fro* the &hili$$ines. d.
Resident aliens 9on resident aliens engaged in trade or business in the &hili$$ines. . The transaction is subject to 4/ ca$ital gains ta#. 'enefits gi. d.oidance Ta# e#e*$tion +hifting All of the abo. c. d. 91.e none of the abo. Ce sold the sa*e to 9orbie for & 10 000 000 on Gctober 11 !000. ca$ital gains ta# of 1/ and 10/ of ca$ital gain $ercentage ta# of D of 1/ of selling $rice 10/ VAT none of the abo.79. 01 years old *entally retarded son an illegiti*ate child legally ado$ted child all of the abo. 4/ based on the gross selling $rice or >onal .ail of the ite*i>ed deductions fro* gross inco*eA a.e 90. e. . .asion Ta# a.ern*entA a. 6e *ini*is benefits. @hich of the following is a <ualified de$endent for additional e#e*$tionA a. !0/ based on the gross selling $rice or current fair *ar(et . @hich esca$e fro* ta#ation does not result in loss of re. The following are re<uisites for the deductibility of bad debts e#ce$t% 13 . b. b.en to ran( and file e*$loyees whether granted under a collecti. d.alse it is subject to VAT if the sale is in the regular course of trade or business. c. d. -iti>ens and resident aliens whose inco*e is $urely co*$ensation inco*e. b. b. b.e 91. The final ta# on ca$ital gains fro* sale of real $ro$erty classified as ca$ital asset is% a. c. True .alue whiche. b.alue whiche. d. @ho *ay not a.er is higher. 4/ of the $urchase $rice or the assessed .e bargaining agree*ent or not. Ta# e. c. e. a. c. 5.e 90. +ale barter e#change or other dis$osition of shares of stoc(s which are traded in the local stoc( e#change is subject to% a.enue to the go. d.alse if 6o*eng is engaged in the real estate business.alue whiche. 9!. d. Resident foreign cor$orations. -ontributions of the e*$loyer for the benefit of the e*$loyee to retire*ent insurance and hos$itali>ation benefits. c. e.er is higher. c. b.e*bershi$ fees dues and other e#$enses borne by the e*$loyer in social or athletic clubs or other si*ilar organi>ations. e.er is higher. b and c are correct.e 9". The following fringe benefits are not ta#able e#ce$t% a. 9one of the abo. 6o*eng bought a $arcel of residential land for & 1 000 000 so*eti*e in 1970. 94.1/ based on the gross $rofit.ringe benefits which are authori>ed and e#e*$ted fro* ta# under s$ecial laws.
The debt *ust be charged off during the ta#able year. b. 99. The debt *ust be actually ascertained to be worthless and uncollectible during the ta#able year. d. Ad*inistrati. c. b. c. Ti$s and gratuities $aid directly to an e*$loyee by a custo*er and not re$orted to the e*$loyer a. The $ower to ta# is not unli*ited. b. 14 .e regulations and rulings or o$inions of the +ecretary of Justice.idenced by a closed and co*$leted transaction. c.e regulations and rulings or o$inions of the -o**issioner of 2nternal Re. Ta#es are not enforced $ro$ortional contributions. c.anage*ent. not $olitical $enal ci. b. d. b. 'oth state*ents are true. Ta#able co*$ensation inco*e and subject to withholding ta#.inance.enue of the go.ern*ent is ta#es. There *ust be a . 2t *ust be e. state*ents are correct e#ce$t% a. d. 95. The $ower to ta# includes the $ower to destroy in all cases. b. 97.iles a written clai* for credit:refund with the '2R within ! years fro* $ay*ent &ays the ta# under $rotest A$$eals to the -TA A*ends his ta# return 10!. The first state*ent is true while the second state*ent is false The first state*ent is false while the second state*ent is true. c. b.il both a and b both a and c Under the KBife)'lood doctrineL the *ain source of re.e regulations and rulings or o$inions of the +ecretary of . Ta#able co*$ensation inco*e but not subject to withholding ta#. The oft)cited doctrine that ta#es are lifeblood of the go.ied by authority of the law. d. c.e regulations and rulings or o$inions of the +ecretary of 'udget and . 100.enue. @hat is the nature of ta# lawsA a. c.or one of the following rules% a. a. d. d. +ubject to donor=s ta#. 101.alid and subsisting debt. b.ern*ent does not fa. . Ta#es are not subject to set off Ta#es should be collected without unnecessary hindrance Ta# e#e*$tions should be s$aringly granted 6octrine of E<uitable Recou$*ent 2n our jurisdiction the following 10". Ad*inistrati. e. d. Ad*inistrati. Ta#es are le. 9o credit:refund of ta#es shall be allowed unless the ta#$ayer% a. Ta#es are based on one=s ability to $ay. c. Ad*inistrati. 'oth state*ents are false. 9ot ta#able. d.a. @hich of the following is not a source of ta# lawsA a. Ta#es are obligations created by law.
e the $eo$le for whose benefit ta#es are collected. c. c.e 15 . b.arshall of the U+ +u$re*e -ourt.ed $rinci$le. -ongress $assed a law allowing the $ay*ent of ta#es in (ind:ser. Ta#es are always based on the a*ount recei. 107. &ublic $ur$ose includes indirect $ublic ad. d. c.e $ower to ta# in. 109. c. b. The $ower to ta# *ay be used solely for the $ur$ose of raising re. The $ower of ta#ation is unli*ited b. d.iolates the $rinci$le of% a. The $ower to ta# includes the $ower to regulate e. c. b.e de$art*ent not by the courts.enues. +y*biotic relationshi$ theory is different fro* benefits recei.es the $ro*ulgation of rules.ern*ent. d. The following $ro$ositions are erroneous e#e$t% a.e feasibility 104. Ta#es cannot be i*$osed by the e#ecuti. As an i*$le*ent of the $olice $ower of the +tate To encourage the growth of local industries.e $ersonal benefit for the $ay*ent of ta#. Ta#$ayer *ust recei. 101. The $ower to ta# is inherent because it re<uires a set of rules.does not include *ere $hotoco$ies of records:docu*ents.e in character. b. The act of assessing and collecting ta#es is ad*inistrati.enue $ur$oses of ta#ation include the following e#ce$t% a. Vanishing deduction Allowable deduction E#e*$tion *ethod 9one of the abo.ol. The $ower to ta# is su$erior to all other for*s of the go. All of the abo. This . Begislati.ail itself of the *ost e#$editious way to collect ta#es. The nature of the state=s $ower to ta# is two)fold.ices. Ta# e#e*$tions are liberally construed in fa. 111. c.en the necessary discretion to a. The best e. @hich of the following state*ents *ay not be untenable% a. U$on ta#ation de$ends the 3o. 105.e. c. Econo*ic efficiency .ern*ent=s ability to ser.100.ol. b. @hich of the following $re. &ay*ent signifies an act of co*$liance by the ta#$ayer. To reduce social ine<uality To $rotect our local industry against unfair foreign co*$etition.ern*ent. d. b. 110. The '2R should be gi. d. d. b. The $ower to ta# in. The rule of ta#ation should not be $ro$ortionate.iscal ade<uacy Theoretical justice Ad*inistrati. @hich of the following judicial $ronounce*ents is *ost recent% a.or of the go.es the $ower to destroy said -hief Justice .ed by the ta#$ayer.antage. c. d. @hich of the following state*ents is true% a.en to the e#tent of $rohibition or destruction. This should be construed to *ean that% a.idence obtainable under +ection 4 H'I of the 92R. The secondary or non)re.ents the occurrence of double ta#ationA a. d.
d. d. b.es the e*$loyee of the burden to $ay the ta# The e*$loyer is the agent of the e*$loyee for the $ay*ent thereof. 2nterest on go. &ensions &ri>es and winnings Rents +toc( di.er source including the following ite*s e#ce$t% a.idual ta#$ayers engaged in business or are $racticing their $rofession whereas the latter co.ringe benefit ta# shall be $aid by the e*$loyer because% a. c. c. E#clusions fro* gross inco*e under the Ta# -ode include the following e#ce$t% a. 3ross estate includes the following ite*s e#ce$t% a. 115. c.ol.ises 3ains fro* rede*$tion of shares of stoc( 111. Allowable deductions are distinguished fro* $ersonal e#e*$tions in that% a. c. b.ed the benefit net of ta# The Ta# -ode e#$ressly so states The e*$loyer relie.ers only natural $ersons. The for*er *ay be a. b. b.idend Annuities 11". b. 3ross inco*e *eans all inco*e deri. Transfer for insufficient consideration 6onations *ortis causa Re. The following ite*s are ta#able e#ce$t% a. 2llegal gains Ta# refund in. +econd cousin Calf brother Bineal descendant -ollateral relati. b. c. b. e.ing deductible ta# Ta# refund in. 114. d. c. d.ed fro* whate. +toc( di. . d.idend is ta# e#e*$t.e January 1 1997. The for*er *ay be found in +ection "0 while the latter is granted under +ection "1. c. .ern*ent securities is not ta# e#e*$t effecti.ocable transfers Transfer under s$ecial $ower of a$$oint*ent. The for*er is a $ri. 117.ing non)deductible ta# -ash di. &re*iu* on life insurance *ay be ta#able to the e*$loyee.ilege while the latter is a *atter of right.e January 1 !000.11!. 119. b.e within the fourth ci. 6onation to stranger is subject to "0/ of the net gift. The e*$loyee recei. @hich of the following state*ents is not correctA a. The for*er a$$lies to cor$orate and indi.ol.ailed of only by cor$orate ta#$ayers whereas the latter *ay a$$ly to indi. +tranger includes% a. c.idends 110.ringe benefit is subject to "!/ final ta# effecti.il degree of relationshi$ 16 . Veterans benefits -o*$ensation for injuries and sic(ness 3ifts be<uests and de. d. d.idual ta#$ayers. d.
b. d. d.s.s.ining . Fes because the $ower to ta# and $olice $ower ha.ern*ent.ision of the 92R.1!0.ided that the clai* is duly substantiated by recei$ts.ided that the clai* is set)off against other national internal re. Fes Fes Fes Fes $ro. b. c. Ta#es are not subject to set)off because% a.ailability is an i*$erious need. b.es.anila 91 +-RA 04 Ro#as .alidly i*$osed in the e#ercise of the $olice $ower and not of the $ower to ta#A a. c. b.granting ta# credit. +rictissi*i juris *ay be a$$lied in the construction and inter$retation of ta# laws e#ce$t% a.s. d. The $ower to ta# is $lenary and co*$rehensi. The sy*biotic relationshi$ theory as enunciated in the case of -2R . c. +$ecial law lowering ta# rate. d.eral decisions of the +u$re*e -ourt e#ce$t in the case of% a. The $olice $ower the $ower of ta#ation and the $ower of e*inent do*ain are co)e<ual and inherent $owers of go.idence to $ro. d. +ettled is the rule that in ta# *atters the go.ern*ent. $ro. . 1!5. . $ro.e. b. '2R can still $resent e. This should be construed to *ean that% a. b. . Bocal ordinance granting ta# a*nesty.s. c. -2R !90 +-RA 457 1!1. This $ronounce*ent was cite in se. c. c. -TA !" +-RA !54 Villegas . 17 . Araneta 97 +-RA 107 &hile# . KBest the collector (ill the hen that lays the golden egg. &ineda !1 +-RA 101 Vera .ay a ta#$ayer who has clai* for VAT in$ut credit or refund set)off said clai* against his other ta# liabilitiesA a.es the $ower to carry out the legiti*ate objects of go. &ao 74 +-RA !50 1!!.s. Fes because the $olice $ower of the state includes the $ower to regulate Fes because ta#es *ay be i*$osed to regulate.e so*e si*ilar objecti. b.ernande> 79 +-RA 199 But> . $ro. Bocal ordinance i*$osing business ta#. 3o*e> .s.ided that the clai*ant is a VAT)registered ta#$ayer.ay a ta# be . 1!0.ol.ern*ent is not esto$$ed by the errors or *ista(es co**itted by its agents or officers. Fes because ta#ation also in. d. &alo*ar !1 +-RA 7!5 &un>alan . 117 +-RA 9 is an a*$lification of% a.e syste* of ta#ation Bifeblood doctrine 'enefit)$rotection theory 1!". 1!1. -o**issioner .ern*ent.ided that the clai* is set)off against other un$aid inco*e ta#. .enue ta#. c.s. Ta#es are the lifeblood of the go. b. Ta#es are the sinews of the state. Algue 2nc.s. The $ower to ta# is su$re*e and unli*ited. &ro.s. Ta#es are the lifeblood of the go. Ability to $ay $rinci$le &rogressi. The state *ay still collect $rescribed ta#es. 1!4.L This has been *eta$horically *entioned to justify a settled rule as laid down in the case of% a.e assess*ent. d.ern*ent and their $ro*$t and certain a.
To ensure collection of ta#es. Value of $er*anent i*$ro. 9o e#ce$t if the ta#$ayer is financially inca$able. c. d. To $re. 2nco*e fro* long)ter* contracts *ay not be re$orted under one of the following *ethods% a.alue of the $ro*issory note 2t is deductible fro* gross co*$ensation inco*e 9one of the abo.ern*ent.e. b.ed without restriction as to its dis$osition.e 18 . d. $ro. @hat is the $ur$ose of the doctrine of constructi. b. b. b. c. c. 2t arises fro* illegal transaction. b.ided that they are i*$osed by s$ecial laws. 2t is recei. c. +ubject to final ta# 2t is ta#ed at gross a*ount Ta#able to the a*ount of the fair *ar(et . d. Ta#es should be collected without unnecessary hindrance e.ern*ent. Ta#able rent inco*e includes the following ite*s e#ce$t% a. 9one of the abo. 9o because ta#es are needed to carry out the legiti*ate objects of the go. e. d. d.ided that they are inco*e ta#es. e. 9o e#ce$t if the collection will jeo$ardi>e the interest of the ta#$ayer. 1!7. 9one of the abo.ided that they are local ta#es.ent ta# e. e. Any a*ount recei. 1"1.e $eriods. Ta#es are not ordinary obligations.ides for $rescri$ti. e.ay the courts enjoin the collection of re.ent the ta#$ayer on the cash basis fro* $ost$oning the actual recei$t of ta#able inco*e. 1"0.e recei$t of inco*eA a.e. 1!9. 2t is decreed by the court The clai*ant dies The clai*ant donates the sa*e 1"!.ay the collection of ta#es be barred by $rescri$tionA a. $ro. d. e. d. To co*$el ta#$ayers to re$ort their inco*e To $re.ided that the ta# law $ro.ed under clai* of right is ta#able if% a. Ta#es are enforced charges d. 9o because ta#es are the lifeblood of the go.enue ta#esA a. $ro. .ided that they are custo* duties. c. b. c. Cow is co*$ensation $aid in $ro*issory note treated for inco*e ta# $ur$oseA a. b.c.e*ent &re*iu*s $aid on the insurance of the leased $re*ises Royalties 2nterest on bond issued by the lessor 1"". . Fes Fes Fes Fes Fes $ro. $ro.asion. c. Gutright *ethod +$read)out *ethod -o*$leted contract basis Accrual basis -ash basis 1"0. e.
ate educational institutions are e#e*$t fro* VAT if duly accredited by the following e#ce$t% 19 . Either or both $arents 'rother:+ister of whole or half)blood +enior citi>en 3randchildren 100. 2*$orter of goods:articles $re.e in$ut ta# credit is allowed to $rocessors:*anufacturers of *il( sardines *ac(erel refined sugar coo(ing oil and $ac(ed noodle)based instant *eals at the rate of% a.alse because carabao is a ca$ital e#$enditure . . . b.ing e#$enses @agering losses Eic(bac(s 101. b. -ost of carabao used in far*ing is deductible as any ordinary e#$ense. d. d. d. a. Under RA 9""5 a $resu*$ti.e 10!. c. c. 1. d. b. d. b. c. E*$loyer=s contribution to $ension trust &ersonal fa*ily li.eans of esca$e fro* ta# liability outside what is legal and $er*issible Ta# sa.asion is% a. True . Educational ser. c.alse because carabao is subject to de$reciation 'oth b and c 1"5.1"1. b. b. @hich of the following is deductible for inco*e ta# $ur$oses% a. c. The following can a. b.ail of the 2n$ut Ta# -redit e#ce$t% a.or ta# $ur$oses inco*e is synony*ous to% a. c.ices lessee or licensee u$on $ay*ent of co*$ensation rental royalty or fee 10".ing de.iously subjected to VAT &urchaser of do*estic goods u$on consu**ation of the sale E#$orter of goods and ser. The following are <ualified de$endents of a head of the fa*ily e#ce$t% a. Ta# e.1/ 0/ !/ 7/ 1"7.ices rendered by $ri. b. d. c.ices not registered under the VAT syste* &urchaser of ser. d. Ta# a$$licable to certain s$ecified goods or articles *anufactured or $urchased in the &hili$$ines for do*estic sale or consu*$tion.ice within the *eans sanctioned by law 6eduction fro* foreign ta#es $aid a and c only 1"9. a. -a$ital Recei$ts Reali>ed $rofit 9one of the abo. d. c. +$ecific ta# VAT &ercentage ta# E#cise ta# 1"4.
ery.ollowing negotiations with the airline and its insurer an agree*ent was reached under the ter*s of which JR was $aid so*e a*ounts. 100. d. d. 2n $re$aring his 2nco*e Ta# Return H2TRI for the year !001 what should . Ta#es are $ecuniary in nature.alent of his earned . b.or VAT $ur$oses in connection with deferred $ay*ent sale of real $ro$erty the ter* Kinitial $ay*entsL shall include% a.e*ber "0 !001 +ABBF ga. &ay*ents *ade in the year of sale in addition to the down $ay*ent . 101.elo$*ent Authority . Ce sur.ortgage on the real $ro$erty sold not e#ceeding the cost thereof E. . 6ue to co*$lications one of the twins also died on 6ece*ber 11 !001. c.arried Cead of the fa*ily @idower 20 . d.ocable beneficiary 1"th *onth $ay and de *ini*is benefits 6i. d. e.AR got *arried to +ABBF last January !001. c.AR indicate in the 2TR as his ci. b. Ta#es are i*$osed on $ersons and $ro$erty within the territorial jurisdiction of a +tate.e branch of the go. c.e birth to twins. Gn 9o. c. 6eter*ine which of the following is HareI included in the $re$aration of annual inco*e ta# returns% a.idence of indebtedness issued by the $urchaser to the seller at the ti*e of sale 6own $ay*ent only *ade at the ti*e of sale. 2nco*e fro* jueteng 3ain arising fro* e#$ro$riation of $ro$erty Ta#es $aid and subse<uently refunded Reco. b. c. +ingle .e 105.i. d.ed the accident but sustained serious $hysical injuries which re<uired hos$itali>ation for " *onths.ed fro* his e*$loyer the a*ount of &!00 000 re$resenting the cash e<ui. d.ed by a do*estic cor$oration fro* another do*estic cor$oration. b. b. e. +ecurities and E#change -o**ission -o**ission on Cigher Education 6e$art*ent of Education -ulture and +$orts Technical Education and +(ills 6e.ern*ent.ery of bad debts $re.e 107. Ta#es are le. b. JR was a $assenger of an airline that crashed.idends recei. e.ed by a child as irre.es.acation and sic( lea. 2n our jurisdiction which of the following state*ents *ay be erroneous% a.er +ABBF died in the course of her deli. c. 104. 2nterest on de$osits with '&2 . 109. Unfortunately howe. . b. Ta#es are enforced charges and contributions. @hich of the following a*ounts constitute ta#able inco*eA a.a.iously charged off All of the abo.a*ily 'an( 9one of the abo. d.il statusA a. &100 000 for his hos$itali>ation &!10 000 as *oral da*ages &"00 000 for loss of inco*e during the $eriod of his treat*ent and recu$eration JR recei. 6eter*ine which of the following ite*s are ta#able% a. c.ied by the e#ecuti. &roceeds of life insurance recei. Ta#es are assessed according to a reasonable rule of a$$ortion*ent.
c.e.illion fro* the '2R de*anding $ay*ent within 10 days otherwise it would collect through su**ary re*edies. e.ince. @hich of the following assets shall not be included in ta#able gross estate in the &hili$$inesA a.acationing in Grlando . 2nstead of resol. b.e 111. The -hurch *ay clai* ta# e#e*$tion on the entire land.e $rotest after issuance of the final assess*ent notice to the ta#$ayer which are still $ending. c. The ta#$ayer re<uested for reconsideration stating the grounds therefore. 2n the s$ring of !000 while . b.ed a ta# deficiency assess*ent of &1.a(ati +hares of stoc( in the &hili$$ine subsidiary of the U+ -o*$any where he wor(ed. The client)transferor is subject to final ca$ital gains ta# based on &10 000 21 . 9one of the abo. 'an( 6e$osits with -itiban( .ing the re<uest for reconsideration the '2R sent a . Tuition fees Baboratory fees Rentals fro* canteen concessionaires 2nterest fro* *oney)*ar(et $lace*ents of the tuition fees 6onation of a lot and building by school alu*ni 110. 9one of the abo. The southeastern side by so*e co**ercial establish*ents while the rest of the $ro$erty in $articular the northwestern side is idle or unoccu$ied. +hares of stoc( in +an .ailA a. @hich of these is correctA a.ent and the eastern side by a school run by the church. d. 11!. -ases under ad*inistrati.lorida U+A he suffered a heart attac( and died. Ce ca*e to li(e the &hili$$ines so *uch that following his retire*ent he decided to s$end the rest of his life in the country.lorida 9one of the abo.e 110. The -hurch and a con.lorida A condo*iniu* unit in . d. @hich of the following ite*HsI is included in its 2nco*e Ta# ReturnA a.alue of &40 000. c. The entire $ro$erty is ta#able for real $ro$erty ta#ation 11". The client)transferor is subject to final ca$ital gains ta# based on &40 000 b. @hich of the following is correctA a. 6elin<uent accounts b. -ri*inal ta# fraud cases d. Ce a$$lied for and was granted a $er*anent resident status the following year. The e#e*$tion co. The ta# is i*$osable on the northwestern side which is idle or unoccu$ied. A ta#$ayer recei. +hares of stoc( in 6isney @orld in .ran( +inatra an A*erican -iti>en was a to$ e#ecuti. . . c.e of a U+ co*$any in the &hili$$ines until he retired in 1999.iguel -or$oration and &B6T. b. d.a(ati and -itiban( Grlando .ent occu$y the southern side and *iddle $art. MFN -olleges is a non)stoc( non)$rofit educational institution run by the Archdiocese of '& -ity.idual client not engaged in realty business $aid in full the &10 000 attorney=s fees of his counsel in lot which he bought in 1990 for &1 000 and which has a fair *ar(et . c. e. @hich of the following cases *ay not be co*$ro*ised% a.e 111. An indi. b.inal 9otice before +ei>ure to the ta#$ayer. f.ers only the southern side and *iddle $art occu$ied by the -hurch and a con. d.ile an injunction before the Regional Trial -ourt A$$eal to the -ourt of Ta# A$$eals A$$eal to the -ourt of A$$eals &roceed with -ertiorari before the +u$re*e -ourt The Ro*an -atholic -hurch owns a !)hectare lot in a town in Tarlac $ro.! . @hich of the following re*edies can the ta#$ayer a.
ery of the falsity or fraud. 2nco*e ta# Transfer ta#es Hdonor or estateI Value Added Ta# &ri. The go.enue ta#es shall be assessed% a.er by the ta#$ayer *ust be acce$ted by the co**issioner or his duly authori>ed de$uty. c. c. The go. e. b. @hen the ta#$ayer is outside the &hili$$ines @hen there is fraud irregularity or *ista(e Verification of co*$liance with withholding ta# laws @hen ta#$ayers re<uests rein.o(e the defense of $rescri$tion. @ai.e 114. 9one of the abo.e $eriod within which the go. c. The wai. 141. @ai.ery of failure to file return 2f return is false or fraudulent within 10 years fro* date of disco. d. To $re)e*$t the la$se of $rescri$ti.c.er of $rescri$ti.e the le. @ai. The client)transferor is not subject to final ca$ital gains ta# d. Gne of these is true% a. d.e $eriod to last until the co*$letion of in. b c and d only 140. @hen the e#cise ta# due has not been $aid c. 2n a discre$ancy between the ta# withheld and the a*ount actually re*itted by the withholding agent b.er by the ta#$ayer of his right to in.estigation is . @hich of the following cases is $re)assess*ent notice re<uiredA a. b.er is a ta#$ayer=s concession to the state thus it *ust be construed strictly against the state c. d. @hen the co**issioner or his duly authori>ed re$resentati.alid.er of $rescri$ti. d. b. The client)transferor is subject to inco*e ta# for the difference between &10 000 and &1 000 e. Gne of these has no ti*e li*it within which to assess% a.ern*ent *ay re<uire wai. @ithin " days after the last day $rescribed by law for the filing of the return @ithin " years fro* the date the return was filed 2f no return was filed within 10 years fro* date of disco. 119.ilege ta# 14!. Transfer by an e#e*$t $erson of articles to non)e#e*$t $erson d. Gne of these is not the correct $eriod within which internal re. d. e.ern*ent can assess and:or collect in court without assess*ent a. b.ern*ent *ay issue jeo$ardy assess*ent b.er being unilateral acce$tance by the state need not obser. The wai.estigation Verification of ca$ital gains ta# liabilities 117. Gne of these is not an e#ce$tion to the rule that for inco*e ta# $ur$oses the boo(s and records of a ta#$ayer shall be subject to e#a*ination and ins$ection only once in a ta#able year% a. @ai.el of authority of the officials e*$owered to acce$t. 115.e $eriod c.er is a wai.er being unilateral the state need not e#$ress its acce$tance and when acce$ted the ta#$ayer need not be notified.e finds that $ro$er ta# should be assessed. Gne of these is not a ty$e of local ta# and other i*$ositions O 22 .
+$ecial education fund Ad .ice charges Real $ro$erty ta#es Ta#es on gross recei$ts of trans$ortation businesses . +$ecial classes of real $ro$erty do not include O a. b. b. b. b. d.y on real $ro$erty O a.unici$al fees J ser. . d. 2n local business ta#es the local go.a.or casual sale of real $ro$erty you do not $ay O a.alore* ta# on idle land +$ecial assess*ent Transfer ta# on sale or transfer 23 . -a$ital gains ta# 6ocu*entary sta*$ ta# Bocal transfer ta# 2nco*e ta# 140. b. Bocal water district &ublic $ower O generating co*$any Cos$itals +chools 144. d.ern*ent of one of these is $rohibited to collect O a.unici$al ta#es on business J occu$ations .e 141. c. d. factory site &rinci$al office $laces thru which sales truc(s $ass none of the abo. c. c. c. d. c. @hich is not a le. 14".
A !0. 109. 11!. 6 104. 6 41. A 101. E 1"1. 6 57. 6 01. . 6 1"4. ' 110. ' 10!. A 70. 99. ' 1!0. 6 15. 6 "!. 6 00. 10. 9!. 6 110. ' ". ' 5!. 141. 6 !". 6 14. A "0. 117. 105. 9". A 10 . E 105. 6 15. !!. ' 110. 6 114. 6 "7. E 107. 55. ' 141. 6 14. !9. 6 19. 19. ' 11". 40. 6 140. 6 07. E 1!7. A 11. E 1"0. 6 01. 6 49. ' 09. A 115.A 101. 1!1. ' 51. ' !1. ' 1!4. ' 0". 6 59.1!5. A 100. 6 04. 6 40. 6 10". 6 94. 10. A 0. 6 !1. 47. ' "1. ' 4!. 109. 6 "0. 101. 6 10. 6 54. 1"0. ' !0. 6 100. 6 14". 11. 117. ' 51. ' 00. A 101. 6 "". A 1!0. E 140. 6 1!. 70. 6 "4. 6 24 . 6 1. 110. 5. 6 1!. 6 1". E 0!. 6 !. 6 44. 1"1. 6 100. ' 90. ' 74. ' 111. E 41. 17. A 1!1. ' 11!. ' 45. E 50. A 1"". A 7!. 6 1!". A 7. 6 71. 6 14!. ' !4. E 11. 6 1!9. A 1"5. A 5". 6 77. ' 9. 6 05. ' "5. 6 91. 6 119. ' 1"!. 11". ' 71. 6 119. A 10!. ' 144. 6 75.6 11. ' 1"7. ' 100 . 6 !7. 6 17. ' 1". 6 95. 6 90. 6 7". 111. ' 4". A 91. A "9. "1. A !5. 10". A 1"9. ' 50. E 97. 1!!.ANSWER KEY TAXATION 1. ' 115. 6 111.A 107. A 4. 111 A 114. E 79. 6 107.
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