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Regular Taxable Income Quiz

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Questions and Answers

Which of the following is considered an item of gross income subject to regular tax?

Scholarships

Inheritance

Proceeds from life insurance

Gifts from relatives

Dividends (correct)

What is technically included in the term 'compensation income' under the tax rules?

Investment income subject to final tax

Income from rental properties

Employee benefits subject to regular tax (correct)

Proceeds from the sale of personal assets

Income from freelance work

Which of the following is not an item of gross income subject to regular tax?

Proceeds from the sale of personal residence (correct)

Royalties

Interest

Pensions

Gains derived from dealings in properties

What type of income is a partner's distributive share from the net income of a general professional partnership considered as?

<p>Compensation income</p> Signup and view all the answers

Which of the following is an item of gross income subject to capital gains tax?

<p>Gains derived from dealings in properties</p> Signup and view all the answers

Regular Taxable Income Quiz

Choose a study mode

Podcast

Questions and Answers

Which of the following is considered an item of gross income subject to regular tax?

What is technically included in the term 'compensation income' under the tax rules?

Which of the following is not an item of gross income subject to regular tax?

What type of income is a partner's distributive share from the net income of a general professional partnership considered as?

Which of the following is an item of gross income subject to capital gains tax?

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