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VALLES, IAN CARL J. True or false 1.True 2. True 3.False 4. False 5. False 6. True 7. True 8. True Identification 1. Tax 2. Eminent domain 3. Tax avoidance 4. Transformation Multiple choice 1. 2. 3. 4. 5.

D D C D D

Situs 1. 2. 3. 4. 5.

It is subject to tax in the place of sale which is in Davao city Her hardware store is subjected to tax in Mactan, Cebu The tax is subjected to the debtors resindency which is in Q.C She is subjected to tax in laoag city for her rental condo unit She is subjected to tax in our country due to her residency

Limitation 1. 2. 3. 4. 5. 6. 7. 8.

B I N I C I C N

Case study 1. Yes, because it is clearly for public use. It is a private funds exclusively only for sugar industry

2. No, because its also a business, there is no exemption even when it is just online . It will be unfair for other businesses that were paying taxes. 3. No, because the constitutional exemption from property tax applies for properties actually, directly and exclusively used for charitable, religious and educational purposes....