income taxation

It is the power of state by which the sovereign raises revenue to defray the necessary expenses of the government.

• Taxation

• Eminent Domain

• Police Power

• Taxes

it is generally regarded as excise (pivilege) tax?

• estate tax

• income tax

• business tax

• real property tax

what are the classification of individual income taxpayers?

• Resident Citizen and Non Resident Citizen

• Resident Alien and Non Resident Alien

• All of the above

• None of the above

Mr. Lu C. , the taxpayer, is married, with 6 qualified dependent children. Taxable year is 2015. How is the personal exemption?

• P 10,000.00

• P 20,000.00

• P 30,000.00

• P 50,000.00

How much is the additional exemption of Mr. Lu?

• P 75,000.00

• P 25,000.00

• P 100,000.00

• P 30,000.00

If the total Net Compensation income of Mr. Lu is P 87,600.00 How much is the tax due?

• P 12,020.00

• P 11,010.00

• P 12,563.00

• P 20,100.00

royalties from an invention by a resident alien, P150,000.00 how much is the tax due?

• P 15,000.00

• P 20,000.00

• P 25,000.00

• P 30,000.00

Sweepstakes winning of a resident alien, P 100,000.00 how much is the tax due?

• P 20,000.00

• P 0.00

• P 10,000.00

• P 15,000.00

________ are taxable income from sources within and without the Philippines

• Domestic Corporation

• Foreign Corporation

• Domestic and Foreign Corporation

• None of the Above

_________ are taxable only on income from the Philippines whether resident or non-resident?

• Domestic Corporation

• Foreign Corporation

• Domestic and Foreign Corporation

• None of the above