Search Header Logo

[Progress Check-004.1] Principles of Income Taxation

Authored by Remy Pendon

Other

Professional Development

[Progress Check-004.1] Principles of Income Taxation
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

9 questions

Show all answers

1.

MATCH QUESTION

1 min • 5 pts

Match the following

Residence of income payor

Royalty Income

Place of sale

Sale of real property

Location of property

Interest Income

Place of use

Sale of personal property

Place where it is performed

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.

DC
RFC or NRFC
RFC
NRFC
DC, RFC, or NRFC

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

Dividends from an RFC

Interest from foreign bank

Gain from sale of DC shares

Sale of land in Japan

Interest from RFC

Sale of goods

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

2022 world net income

2023 foreign gross income

2022 PH gross income

2021 world gross income

2025 foreign gross income

2024 PH gross income

5.

MATCH QUESTION

1 min • 1 pt

Match the following

Net worth

Claim of Right Doctrine

legal claim

Realization Principle

right to income or liability

Economic Benefit Test

gains are separated from the capital

All-Events Test

exchange has taken place

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

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?