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WEBINAR_OCT. 11, 2022

Total questions: 5

Worksheet time: 4mins

Name
Class
Date
1.

This term includes all taxpayers, individuals or corporations, receiving income, in cash or in kind, from any social media sites and platforms.

a)

online sellers

b)

social media influencers

c)

vloggers

d)

influencers

2.

Social media influencers other than corporations and partnerships are classified for tax purposes as self-employed individuals or persons engaged in trade or business as sole proprietors.

a)

True

b)

False

3.

Social media influencers are not liable for business tax, which may either be percentage or VAT.

a)

True

b)

False

4.

When is the deadline of filing the Annual Income Tax Return for individual taxpayers?

a)

May 15

b)

April 15

c)

August 15

d)

November 15

5.

In case of individual taxpayers, OSD shall be computed at the rate of forty percent (40%) of its gross income.

a)

True

b)

False