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WorksheetsTAXATION
Total questions: 10
Worksheet time: 5mins
This is the limit of annual income to be entitled as a ZERO TAXPAYER
240,000
250,000
280,000
300,000
What do the acronym VAT means?
Volume Action Tax
Virtual Annual Tax
Visual Active Tax
Value Added Tax
Strongest among the inherent powers of State
Police power
Power of Eminent Domain
Power of Taxation
Power of Extradition
This purpose encourages equal income distribution among sovereign.
Compensatory purpose
Social justice purpose
Regulatory purpose
Constitutional purpose
One of the essential characteristics of tax is
to create budget
for public purpose
levied by the national government
payable in whatever form
Which is NOT a classification of a taxable individuals?
Resident aliens who have no definite intention to stay
Resident citizens who stayed outside the Phillppines for less than 183 days during taxable year
Special Taxpayers
Diplomats and Ambassadors
What changes between the Train Law from its 2022 implementation to the latest 2023 onwards tax rate?
higher tax rate
same tax rate but higher minimum wage limit
lower tax rate
To what type of transaction do OUTPUT VAT applies?
Purchases
Donations
Investments
Sales
What does administrative feasibility means?
Equitability
Convenience
Sustainability
Strategic
Which is NOT an acceptable form of payment
Check
Money Transfer
Bitcoins
Cash
