1.

The following municipal taxes are subject to graduated fixed and percentage
business taxes, except

A. Manufacturers, assemblers, repackers, brewers and compounders of

liquors.

B. Contractors and other independent contractors.

C. Exporters and manufacturers of essential commodities

D. Peddlers engaged in selling of any merchandise.

Answer: D

2. Statement 1: The city government may impose and collect any of the taxes, fees
and charges imposed by the municipality or province.

Statement 2: Annual tax of Peddlers is Php100 per peddler.

A. True, True

B. False, True

C. False, False

D. True, False

Answer: D

3. All local taxes shall be paid when

A. First 25 days of January

B. First 15 days of January

C. First 10 days of January

D. First 20 days of January

Answer: D

4. Mr. Bong Revilla is engaged in the business of wholsale of Printed Tshirts in the
Municipality of Korakot. Data regarding his business is as follows:

Gross Receipt 345,000

Gross Income 267,000

Net Taxable Income 150,000

How much is the business tax will Mr. Revilla pay to the municipality?

A. 8,800

B. 10,000
 C. 3,300

D. 4,400

Answer: D