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Are you smarter than BIR?

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

Certificate of Registration shall be placed in a Clear Folder and must be presented during Tax Mapping.

a)

TRUE

b)

FALSE

2.

All taxpayer shall register their business to Department of Trade and Industry

a)

TRUE

b)

FALSE

3.

When shall I register my business to BIR?

a)

If my expected income will exceed P150,000 per year

b)

If my expected income will exceed P300,000 per year

c)

Regardless of expected income but before commencement of the Business

d)

If my expected income will exceed P3,000,000 per year

4.

An employee shall not request for another Tax Identification Number (TIN) if he/she plans to put-up a business.

a)

TRUE

b)

FALSE

5.

What is Bureau of Internal Revenue in Filipino.

a)

Kawanihan ng Pananalapi

b)

Kawanihan ng Tagasingil ng Kita

c)

Kawanihan ng Rentas Internas

d)

Kawanihan ng Buwis

6.

Value Added Tax Rate is _ %

(a)  

7.

BIR Form 2307 is substitute to Income Tax.

a)

TRUE

b)

FALSE

8.

Individual which taxable income ________ and below for the whole taxable year is subject to 0% income tax rate (Individual Graduated Income Tax Table)

a)

300,000

b)

250,000

c)

200,000

d)

20,833

9.

SALE OF TEXTBOOKS ARE SUBJECT TO

a)

VAT-EXEMPT

b)

VATABLE

c)

ZERO-RATED

10.

MISS MINCHIN IS A PUBLIC SCHOOL TEACHER AND OWNER OF A MILK TEA STORE. SHE SHOULD BE CONSIDERED ________

a)

SELF-EMPLOYED

b)

MIXED-INCOME EARNER

c)

INDUSTRIOUS

d)

HERO