Income Taxation 2019 (Banggawan) - Chapter 2 PDF

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CHAPTER 2 – TAXES, TAXLAWS ANDTAX ADMINISTRATIONExercise Drill No. 1 1. Other Percentage Tax 2. Donor’s Tax 3. Regressive 4. Indirect Tax 5. Ad Valorem 6. Revenue Tax 7. National Tax 8. Excise Tax 9. Estate Tax 10. Personal Tax 11. Proportional Tax 12. Specific Tax 13. Direct Tax 14. Regulatory Tax ...

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CHAPTER 2 – TAXES, TAXLAWS AND TAX ADMINISTRATION Exercise Drill No. 1 1. Other Percentage Tax 2. Donor’s Tax 3. Regressive 4. Indirect Tax 5. Ad Valorem 6. Revenue Tax 7. National Tax 8. Excise Tax 9. Estate Tax 10. Personal Tax 11. Proportional Tax 12. Specific Tax 13. Direct Tax 14. Regulatory Tax 15. Privilege Tax Exercise Drill No. 2 1. Revenue 2. Tax 3. Special Assessment 4. Tariff (Custom Duties Stocks) 5. License Fee 6. Tax 7. Debt 8. Toll Fee 9. Penalty 10. Debt Exercise Drill No. 2 As to Payment 1. At least P200,000 per quarter 2. At least P1,000,000 tax paid 3. At least P1,000,000 annual income tax paid 4. At least P1,000,000 annual withholding tax payments 5. At least P200,000 percentage tax paid 6. At least P1,000,000 aggregate amount per year As to Payment 1. P1,000,000,000 total annual gross sales or receipts 2. P300,000,000 total net worth at the close of each calendar or fiscal year

3. P800,000,000 total annual purchase for the preceding year Multiple Choice- Theory: Part 1 1. B 2. A 3. C 4. C 5. B 6. A 7. A 8. B 9. C 10. D 11. A 12. B 13. B 14. C 15. C 16. D 17. D 18. D 19. C 20. D 21. D 22. B 23. A 24. B 25. B 26. A 27. D 28. B 29. B 30. B 31. D 32. D 33. C 34. A 35. C 36. D 37. B 38. D 39. D 40. A 41. B 42. A 43. D 44. A

45. A Multiple Choice –Theory Part 2 1. C 2. C 3. A 4. D 5. D 6. C 7. C 8. A 9. D 10. B 11. C 12. D 13. D 14. A Multiple Choice –Theory Part 2 1. B 2. C 3. A 4. A 5. D 6. B 7. B 8. D 9. C 10. A 11. A 12. D 13. B 14. D 15. C 16. D 17. C 18. A 19. C 20. D 21. D 22. B...