Business Taxation Quiz

Business Taxation Quiz

University

14 Qs

quiz-placeholder

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Business Taxation Quiz

Business Taxation Quiz

Assessment

Quiz

Business

University

Hard

Created by

Cedrick Caguite

FREE Resource

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the nature of business tax?

A tax on real estate transactions

A tax on charitable donations

A tax imposed on the onerous transfer of products, property, and services

A tax on personal income

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a type of business tax?

Corporate Income Tax

Value-added Tax

Percentage Tax

Excise Tax

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the threshold for gross annual sales to be subject to Percentage Tax?

P3,000,000

P5,000,000

P2,000,000

P1,000,000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which tax is imposed on the production, sale, or consumption of a commodity?

Documentary Stamp Tax

Excise Tax

Value-added Tax

Percentage Tax

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of tax is a Documentary Stamp Tax?

Tax on property transfer

Tax on sales

Tax on documents and instruments

Tax on income

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a type of VAT?

VAT on property tax

VAT on capital gains

VAT on the sale of goods

VAT on personal income

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the rate of VAT for VAT-registered taxpayers?

5%

10%

12%

15%

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