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REVIEW SESSION_TAXATION

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

Which of the following statement is/are true?

Statement 1: Tax must violate constitutional and inherent limitations.

Statement 2: Tax must be uniform and equitable.

Statement 3: Tax is generally payable in money only.

a)

I only

b)

I and II

c)

II and III

d)

I, II, and III

2.

This agency is responsible for the prevention and suppression of smuggling and other frauds upon the customs.

a)

Board of Investments

b)

Philippine Economic Zone Authority

c)

Local Government Tax Collecting Unit

d)

Bureau of Customs

3.

A citizen would be considered a non-resident citizen if he/she stays abroad for how many days?

a)

at least 120 days

b)

at least 180 days

c)

at least 183 days

d)

at least 190 days

4.

Those whose fathers or mothers are citizens of the Philippines were considered as Aliens

a)

TRUE

b)

FALSE

5.

Non-Resident Alien is an individual who is residing in the Philippines but is not a citizen.

a)

TRUE

b)

FALSE

6.

Ali Ishmam, a Pakistan national, arrived in the country on October 1, 2019. Mr. Ishmam stayed in the Philippines after marrying a beautiful Filipina. As of December 31, 2019, Mr. Ishmam is considered as ______________ .

a)

Resident Citizen

b)

Non-Resident Citizen

c)

Resident Alien

d)

Non-Resident Alien

7.

Estate refers to the properties, rights, and obligations of a deceased person not extinguished by his death

a)

TRUE

b)

FALSE

8.

NRA-NETB where the aliens who shall come to the Philippines and stay therein for an aggregate period of not more than 180 days during the year.

a)

TRUE

b)

FALSE

9.

Based on the income tax situs rules, the place of taxation of service income is the place where the service is rendered.

a)

TRUE

b)

FALSE

10.

The following are examples of exemption laws, EXCEPT:

a)

Minimum Wage Law

b)

Barangay Micro-Business Enterprise (BMBE) Law

c)

Real Property Tax Law

11.

Taxes that were collected by the government are for private use only.

a)

TRUE

b)

FALSE

12.

Tax Holiday refers to the immunity, privilege or freedom from being subject to a tax which others are subject to.

a)

TRUE

b)

FALSE

13.

A tax of a fixed proportion imposed upon the value of the tax object

a)

Specific Tax

b)

Ad Valorem

c)

Excise Tax

d)

Sumptuary Tax

14.

An OFW is considered as ___________.

a)

Resident Citizen

b)

Non-Resident Citizen

c)

Resident Alien

d)

Non-Resident Alien

15.

National Internal Revenue Code (NIRC), Local Tax Code, and Real Property Tax Code are example of _________.

a)

Tax Laws

b)

Exemption Laws

c)

Government Agencies

d)

SItus of Taxation