a. Donation of tangible personal property not exceeding P5,000 can be
made orally. b. Donation of intangible personal property exceeding P5,000 may be made in writing c. The donation of tangible personal property worth P5,000 or more must be in writing d. The donation of real property must be in writing. A
9. Which donor is subject to tax on global donation?
a. Mexican donor, residing in Africa b. American donor, residing in America c. Japanese donor, residing in the Philippines d. Chinese donor, residing in Japan C
3. Taxes imposed on substance known to harm health
a. Sin tax b. Sumptuary tax c. Green tax d. Vanity tax A
4. Taxes imposed to restrain luxury
a. Sin tax b. Sumptuary tax c. Green tax d. Vanity tax B 1. Which type of consumption will pay consumption tax? a. Domestic consumption b. Foreign consumption c. Both domestic and foreign consumption d. Neither domestic nor foreign consumption 2. Which is a tax upon the usage of income? a. Savings tax b. Investment tax c. Consumption tax d. Business tax
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