TCS 2024
Quiz
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Professional Development
•
•
Practice Problem
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Hard
Cindy Alteros
Used 5+ times
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10 questions
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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
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