Taxpayers & Income Overview

What is the proper classification of Overseas Filipino Workers?

• NRC

• RC

• RA

• NRA-ETB

• NRA-NETB

Which of the following is not considered a Filipino citizen?

• born in the Philippines from Japanese parents visiting the country for leisure

• born in Germany from a German father and a Filipino mother

• born in the USA from an American father and a Filipino mother

• Indian by origin but 'naturalized' 2 years ago

In computing for the taxable income, all except one uses net income as the base. Which is the exception?

• NRA-NETB

• NRA-ETB

• RA

• RC

• NRC

All of the following are classifications of taxpayers, except for one.

• Non-alien citizen

• Non-alien citizen

• Non-resident citizen

• Resident alien

Which among the following is a non-resident alien?

• an alien who comes to the Philippines for a definite purpose which in its nature may be promptly accomplished

• an alien who comes to the Philippines for a definite purpose which in its nature would require an extended stay

• an alien who has acquired residence in the Philippines

• an alien who lives in the Philippines with no definite intention as to his stay

Who among the following individual taxpayers is taxable on income within and without?

• Peter, a native of General Santos, working as an OFW in Iraq.

• Rudy, a naturalized Filipino citizen and married to a Filipina. He had been living in Olongapo since 1980.

• Marco, a Spanish citizen, a resident of Madrid, Spain, spent one week vacation trip in Boracay

• Lee, a Taiwanese singer, held a 3-day concert in Manila

All of the following, except one, are taxable on income within only.

• resident citizen

• non-resident citizen

• resident alien

• non-resident alien

A non-resident alien not engaged in trade or business is:

• an alien who have business income derived in the Philippines

• an alien who have no business income derived in the Philippines

• an alien who stayed in the Philippines for more than 180 days

• an alien living in the country with no definite intention as to his stay

Income from employment is subject to what type of tax?

• graduated tax rate

• final withholding tax

• capital gains tax

Interest earned from your bank account is subject to what type of tax?

• final withholding tax

• capital gains tax

• graduated tax rate