WorksheetsSALN (MINI QUIZ)
Total questions: 20
Worksheet time: 10mins
What form should be used when filing the SALN?
The original SALN form from 1989
The SALN form revised as of 2015
Any government-issued asset declaration form
No specific form is required
What is the purpose of the SALN?
To report personal assets and financial growth
To determine the qualifications for a promotion
To declare the assets, liabilities, and financial interests of public officials
To assess the tax liabilities of individuals
Who is required to file a SALN?
All Filipino citizens
Public officials and employees
Private sector employees
Entrepreneurs and business owners
How often must a public official file a SALN?
Monthly
Annually
Every five years
Only upon retirement
What must be included in the SALN?
Only the official’s assets
Assets, liabilities, and net worth
Income tax return details
Employment history
Which of the following is NOT considered an asset that should be declared in a SALN?
Real estate property
Bank deposits
Vehicles
Office supplies
What penalty may be imposed for failure to file or the improper filing of a SALN?
Imprisonment
Suspension or removal from office
Promotion freeze
No penalty
When must a newly hired public official file their SALN?
Within 10 days of hiring
Within 30 days of hiring
At the end of their first year in office
Upon request by the Commission on Audit (COA)
If a public official acquires a new asset during the year, when should it be declared in the SALN?
At the time of acquisition
At the end of the fiscal year
In the next SALN filing period
It does not need to be declared
What is the role of the Office of the Ombudsman in relation to the SALN?
To audit the SALN forms of public officials
To collect taxes based on SALN information
To review and verify the authenticity of the SALN declarations
To approve the SALN forms for filing
Which of the following is considered a liability that must be declared in the SALN?
Mortgage on a house
Credit card debt
Car loan
All of the above
Which of the following is considered an asset that must be declared in the SALN?
Real estate properties, whether owned or co-owned
Cash on hand and in bank accounts
Stocks and other investments
All of the above
When must a public official file their final SALN?
Within 10 days before leaving office
Within 30 days after leaving office
At the end of the fiscal year in which they left office
It is not required for outgoing officials
If the declarant’s spouse is not in the government service, or if the declarant is unmarried, what box should the declarant tick off in the top portion of the SALN?
Joint Filing
Separate Filing
Not Applicable
A. None of the Above
If the declarant was single during the preceding year and got married at the year of the filing of the SALN, what should be his/her status at the time of the filing?
Single
Married
Divorced
Legally Separated
Should shares of stock be declared in the SALN?
No, shares of stock do not need to be declared
Yes, all shares of stock, regardless of value, must be declared
Only shares of stock with a value above a certain threshold must be declared
Only shares of stock in public corporations must be declared
Should the amount of annual salary received be indicated in the SALN?
Yes, if the salary is still in the declarant's possession as of December 31, it should be declared as cash on hand or in the bank
No, the annual salary is not required to be declared in the SALN under any circumstances
Yes, the salary should be declared as part of the income section, regardless of whether it is still in possession
Only the total annual salary for the year should be declared, not the amount still in possession
How should inherited properties be declared in the SALN?
Only the current market value should be reported
The properties should be reported with their acquisition cost at the time of inheritance
The properties should be listed with their assessed value and current market value as per tax declaration, and acquisition cost should be reported as zero
Inherited properties are not required to be declared
The Revised SALN form includes a section for the declarant to list all real properties owned, regardless of whether they are acquired through purchase or inheritance.
True
False
Is it okay if the net worth turns out to be negative, especially if the sum value of liabilities is greater than the sum value of assets?
No, negative net worth is not allowed and should be corrected
Yes, it is acceptable as long as the declaration is accurate
No, negative net worth should be reported with an explanation
Yes, but it must be reported with supporting documentation
