Taxation 101

Quiz- Sept 3, 2015

How much is the basic personal exemption and the additional exemptions, if any of each of
the following cases?
Basic Exemption Additional
1) The taxpayer, a citizen of the Phil, has a 50,000 None
brother 21 years old, who is crippled
2) The taxpayers, citizens of the Phil, Husband 50,000 Wife 100,000
husband and wife, both are earning. The
wife is a compensation earner while the Wife 50,000 (compensation earner
husband is an architect who practices his should take the
profession. They have five children. additional exemption)
3) The taxpayers, citizens of the Phil, Husband 50,000 Wife 100,000
husband and wife, The wife earns
compensation income, the husband is in Wife 50,000 (compensation earner
business. They have three children. should take the
additional exemption)
4) The taxpayers, citizens of the Phil, Husband 50,000 Husband 100,000
husband and wife, both earns
compensation income, with six qualified Wife 50,000 (husband should
dependent children primarily take the
additional exemption,
unless he waives in favor
of his wife)
5) The taxpayers, citizens of the Phil, Husband 50,000 Wife 100,000
husband and wife, legally separated, with
five qualified dependent children. The Wife 50,000 (wife takes the additional
court gave custody of the children to the exemption due to the
wife. custody given by the
court)
6) The taxpayer is a citizen of the Phil. Taxpayer P50,000 P 25,000
Within the year, he got married and had a
legitimate child. Before the year ended (child was born within
the child died the year and even if he
died, it is as if he died
after the tax year)
7) The taxpayer is a citizen of the Phil. Taxpayer P50,000 P75,000
Within the year, he died. He has three (as if he died after the tax
minor children year)
8) The taxpayer is a citizen of the Phil, had Taxpayer P50,000 P50,000
a qualified child at the beginning of the (for two children,
year. At the end of the year, he had an legitimate and
illegitimate child illegitimate)
9) The taxpayer is a citizen of the Phil had a Taxpayer P50,000 P25,000
qualified child at the beginning of the
year. On July 1, the child celebrated his (it is as if the child
21st birthday. turned 21 after the tax
year)
10) The taxpayer is a citizen of the Phil and Taxpayer P50,000 P100,000
has four qualified children at the
beginning of the year. Within the year (it is as if the children
one child got married and another got an got married and was
employment as a model. employed after the tax
year)
11) The taxpayer got married on December Taxpayer P50,000 P75,000
25, 2008. On June 28, 2010, twin boys
were born to the couple. Another (it is as if one of the twin
daughter was born on Sept 28, 2011. His boys died after the tax
wife died on December 28, 2011 together year)
with one of the twin boys when they met
an accident.
12) The taxpayer is a citizen of the Phil had Taxpayer P50,000 P 100,000
three qualified children at the beginning
of the year. Within the year another (24 yr-old child may be
child, 24 years old, unmarried, became added as qualified
insane. dependent within the
year due to disability)