Income Tax Basics
10 Questions
3 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Who is taxable on all income derived from sources within and without the Philippines?

  • A domestic corporation
  • A citizen of the Philippines residing therein (correct)
  • A nonresident citizen
  • An alien individual
  • Who is taxable only on income derived from sources within the Philippines?

  • A nonresident citizen (correct)
  • An alien individual
  • A citizen of the Philippines residing therein
  • A domestic corporation
  • Who is taxable only on income derived from sources within the Philippines, whether engaged or not in trade or business in the Philippines?

  • An alien individual
  • A domestic corporation
  • An individual citizen of the Philippines working abroad
  • A foreign corporation (correct)
  • Who is taxable only on income derived from sources within the Philippines, except when working and deriving income from abroad as an overseas contract worker?

    <p>An alien individual</p> Signup and view all the answers

    Who is taxable only on income derived from sources within and without the Philippines?

    <p>An individual citizen of the Philippines working abroad</p> Signup and view all the answers

    Who is taxable on all income derived from sources within and without the Philippines?

    <p>A citizen of the Philippines residing therein</p> Signup and view all the answers

    Who is taxable only on income derived from sources within the Philippines, except when working and deriving income from abroad as an overseas contract worker?

    <p>An individual citizen of the Philippines</p> Signup and view all the answers

    Who is taxable only on income derived from sources within the Philippines?

    <p>A nonresident citizen</p> Signup and view all the answers

    Who is taxable only on income derived from sources within the Philippines, whether engaged or not in trade or business in the Philippines?

    <p>A foreign corporation</p> Signup and view all the answers

    Who is taxable on all income derived from sources within and without the Philippines?

    <p>A domestic corporation</p> Signup and view all the answers

    More Like This

    Taxation Rules for Various Income Categories
    57 questions
    Lottery Winnings Taxation
    14 questions
    Finance Quiz: Discretionary Income
    16 questions
    Personal Finance Chapter 10 Review
    17 questions
    Use Quizgecko on...
    Browser
    Browser