St.

Paul University Surigao

St. Paul University System
8400 Surigao City, Philippines

GROUP MEMBERS:
ARANETA, ELEZELA M. - BSA-201
LASTIMA, ANTHONETTE Q. - BSA-201
LIBAY, TRISHA NEL E. - BSA-201
MALIG-ON, REEVIE MARIE M. - BSA-201
MENDIOLS, PRINCESS NICOLE S. - BSA-201

MULTIPLE CHOICE:
PRINCIPLES
1. A
2. A
3. C
4. C
TAXPAYERS
5. B
6. D
7. D
TAX RATES
8. D
9. D
10. C
11. D
12. A
VALUATION
13. C
14. D
TAXABLE GIFTS
15. B
16. D
17. A
18. B
 St. Paul University Surigao
St. Paul University System
8400 Surigao City, Philippines

EXEMPTIONS
19. C
20. B
TRANSFER FOR INSUFFICIENT CONSIDERATION
21. C
22. A
DEDUCTIONS FROM YTHE GROSS GIFTS
23. D
24. C
25. D
26. D
27. B
28. D
29. D
30. B
31. A
32. A
33. B
34. A
35. B
36. B
37. C
38. C
39. D
DONATIONS TO THE NATIONAL GOVERNMENT AND ITS POLITICAL SUBDIVISION
DONATIONS TO NONPROFIT ORGANIZATION.
40. A
41. B
CHARITABLE INSTITUTIONS
42. C
43. B
44. D
 St. Paul University Surigao
St. Paul University System
8400 Surigao City, Philippines

ADMINISTRATIVE INSTITUTIONS
45. B
46. B
47. B
48. A
49. A
50. C
51. B
52. C
53. D
54. D
55. C
56. A