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WorksheetsINCOME TAX FILING_BIR FORM 1700
Total questions: 10
Worksheet time: 8mins
What is the Income Tax Return to be used by Individuals earning PURELY Compensation Income?
BIR Form 1700
BIR Form 1701A
BIR Form 1701
BIR Form 1702-RT
When is the deadline of filing and payment of Annual Income Taxes for calendar year 2021?
April 15, 2022
April 18, 2022
May 15, 2022
April 30, 2022
The following are considered Kinds of Compensation Income except for:
Basic Salary
Overtime Pay
13th month pay and other benefits
Professional Fee
How much Compensation Income is exempt from withholding tax?
P250,000
P500,000
P1,000,000
P720,000
These Individuals are NOT QUALIFIED for Substituted Filing of BIR Form No. 1700, except one:
Individuals with 2 or more employers at anytime during the taxable year
Employees whose income tax have not been withheld correctly resulting to collectible or refundable return
Individuals deriving other non-business, non-profession related income in addition to Compensation Income not otherwise subject to final tax
Individuals receiving purely compensation from a single employer whose income tax has been correctly withheld
What is the required attachment in filing BIR Form No. 1700?
BIR Form No. 2316
BIR Form No. 2307
BIR Form 2306
BIR Form 2304
Which of the following are the modes of filing of tax returns?
eBIRForms
Manual Filing
eFPS
all of the above
What are the available modes of payment of internal revenue taxes?
Authorized Agent Banks (AABs)
Revenue Collection Officers (RCOs)
All of the above
Electronic Payment
Where to file "No Payment" BIR Form No. 1700?
eBIRForms
RDO where you are registered
Both Statements are correct
None of the above
These individuals can file manually their "No Payment" BIR Form No. 1700 with the RDO where they are registered, except one?
Senior Citizen (SC) or PWDs filing for their own returns
Employees deriving purely compensation income from 2 or more employers at any time during the taxable year, or from a single employer whose income has been correctly withheld
Employees qualified for substituted filing
Employees with income tax due and payable
