ST.

VINCENT COLLEGE
Leganes Ivisan Pototan

TAXATION Review – Quiz 4

BSA 4 – Leganes and Ivisan

INSTRUCTION – Select the best answer and WRITE your answers on the
answer sheet provided. You have thirty minutes to finish the examination.

1. Which statement is false? The following income payments to a resident or citizen

individual is subject to a final tax of:

a. 15% - income derived from a depository bank under the expanded

currency deposit system
b. 15% - net capital gains from sale of shares of stock not traded in the
stock exchange
c. 10% - cash and/or property dividends actually or constructively received
from a domestic corporation
d. 20% - prizes amounting to P10,000 or less

Answer: D

2. B

3. C

4. B

5. A
6. A
7. D

8. A

9. C

10. B