Search Header Logo

TCS 2024

Authored by Cindy Alteros

Professional Development

Used 5+ times

TCS 2024
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Before EOPT, the timing of withholding is

at the time the income has become payable

at the time of payment or when the income payment is accrued or made payable, whichever comes first

at the time of payment

at the time of payment or when the income payment is accrued or made payable, whichever comes later

None of the above

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A withholding agent is not required to

Register the payee within ten days from the date of withholding.

Remit the tax withheld at the time prescribed by law and regulations.

Deduct and withhold tax from all money payments subject to withholding tax.

Furnish withholding tax certificates to recipient of income payments subject to withholding.

None of the above

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is not subject to a creditable withholding tax?

Non-licensed professional deriving gross sales of services above P100,000 in any 12-month period and/or SMW rates from lone payor

Rental income on real property

Royalty on books

Professional receiving income from multiple payors and/or other source of income

None of the above

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following taxes are deductible as an expense from the taxpayer’s gross revenues?

Expanded Withholding Tax of a Withholding Agent

Value-Added Tax of a VAT-registered taxpayer

Percentage Tax of a Non-VAT taxpayer

Deficiency/Delinquency Taxes and Penalties paid to BIR

All of the above

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An invoice shall be valid for a period of ____ years from the date of ____.

5 years; printing

5 years; permit to use

3 years; permit to use

3 years; printing

None of the above

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A taxpayer may be subject to the following business tax:

VAT only

Percentage Tax only

Both VAT and Percentage

Either VAT or Percentage

Neither VAT or Percentage

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Upon the effectivity of “Ease of Paying Taxes Act,” the Official Receipts shall be replaced by Invoices.  Which of the following titles cannot be printed on the face of an invoice?

Cash invoice

Credit Invoice

Service Invoice

Official receipt invoice

None of the above

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?