
[Progress Check-004.1] Principles of Income Taxation
Authored by Remy Pendon
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Professional Development
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9 questions
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1.
MATCH QUESTION
1 min • 5 pts
Match the following
Place of sale
Royalty Income
Place where it is performed
Sale of real property
Residence of income payor
Sale of personal property
Location of property
Interest Income
Place of use
Sale of services
2.
DRAG AND DROP QUESTION
1 min • 1 pt
In dividends, if it is received from a (a) , it is earned within the Philippines. However, if it is earned from a (b) , the pre-dominance test shall be used.
3.
CATEGORIZE QUESTION
3 mins • 1 pt
Classify if the following items are taxable or not is the taxpayer is a Resident Foreign Corporation.
Groups:
(a) Taxable
,
(b) Exempt
Sale of goods
Interest from foreign bank
Sale of land in Japan
Interest from RFC
Dividends from an RFC
Gain from sale of DC shares
4.
CATEGORIZE QUESTION
3 mins • 1 pt
On December 29, 2024, a foreign corporation declared cash dividends to their shareholders. The date of record is January 5, 2025, and the payout date is January 20, 2025. If one of their shareholders is a Philippine taxpayer, what variables will be used in applying the pre-dominance test?
Groups:
(a) Included
,
(b) Excluded
2023 foreign gross income
2022 PH gross income
2025 foreign gross income
2022 world net income
2024 PH gross income
2021 world gross income
5.
MATCH QUESTION
1 min • 1 pt
Match the following
legal claim
All-Events Test
gains are separated from the capital
Economic Benefit Test
right to income or liability
Claim of Right Doctrine
exchange has taken place
Realization Principle
Net worth
Severance Test Theory
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This tax system involves applying a singular tax rate on all items of income after deducting allowable expenses.
Income Tax
Unitary System
Schedular System
Semi-global, semi-schedular system
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not an income tax?
Capital Gains Tax
Donor's Tax
Fringe Benefit Tax
Branch Profit Remittance Tax
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