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Worksheets

October 1

Total questions: 10

Worksheet time: 6mins

Name
Class
Date
1.

When was the first Bitcoin transaction?

a)

1988

b)

1998

c)

2008

d)

2010

2.

What is the biggest / largest and widely used cryptocurrency?

a)

ADA

b)

XRP

c)

Bitcoin

d)

Pero

3.

Unregistered influencers may secure their TIN from the RDO having jurisdiction over the Palace where the headoffice is located or place of residence.

a)

True

b)

False

4.

It is a technology of recording and scoring transaction to a secured and shared digital ledger.

a)

Blockchain

b)

Bitcoin

c)

Ethereum Network

d)

Cryptography

5.

Where gross sales or earnings exceeded P3,000,000.00, social media influencers need to have their books of accounts audited by an independenteng CPA.


Mixed income earners with gross sales or income of more than P3,000,000.00 shall not avail of the 8% gross receipt tax

a)

TRUE, TRUE

b)

FALSE, TRUE

c)

TRUE, FALSE

d)

FALSE, FALSE

6.

The PH value of 1 Bitcoin today is (a)   ?

7.

It is a government-issued currency that is not backed by a commodity such as gold. Fiat money gives central banks greater control over the economy because they can control how much money is printed.

a)

Bitcoin

b)

Fiat Money

c)

Gold

d)

None of the above

8.

There are more the 6000 cryptocurrencies today and all of them are called AltCoin except for Bitcoin.

a)

True

b)

False

9.

The following are sources of revenue of a social media influencers, except?

a)

Super Chat and Super Stickers

b)

Merch Shelf

c)

Channel Membership

d)

None of the above

10.

Expenses enumerated in Sections 34 (A) to (I) Constituent the itemized deductions which may be claimed for IT purposes. Provided that they are directly but not exclusively related to the realization of the income and can be substantiate with sufficient evidence.

a)

True

b)

False