1. Which is a tax upon the usage of income?

a. Savings tax
b. Investment tax
c. Consumption tax
d. Business tax

2. Which is subject to the VAT on importation?

a. Foreign consumption from resident sellers
b. Foreign consumption from foreign sellers
c. Domestic consumption from resident sellers
d. Domestic consumption from foreign sellers

2. Which of the following decedents cannot claim special deductions for

family home?
a. Resident citizen
b. Resident alien
c. Non-resident alien
d. Non-resident citizen
C

3. Which of the following is an incentive deductions?

a. Family home
b. Standard deductions
c. Vanishing deduction
d. All of these
D

3. Domestic consumption is taxable when the seller is

a. A non-resident
b. A resident
c. Either a resident or a non-resident
d. Both a resident and a non-resident

4. Foreign consumption shall

a. Pay consumption tax if the seller is a resident
b. Pay consumption tax if the seller is a non-resident
c. Not pay consumption tax if the seller is a non-resident
Not pay consumption tax regardless of the residency of the seller