Republic Act No
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Questions and Answers

What does Republic Act No. 8424 define as taxable income?

  • Total income including all sources
  • Income from special laws
  • Gross income items specified in the Code (correct)
  • Net income after deductions and personal exemptions

    • What is excluded from the definition of taxable income as per Republic Act No. 8424?

  • Net income after deductions and personal exemptions (correct)
  • Income from special laws
  • Total income including all sources
  • Gross income items specified in the Code

    • According to Republic Act No. 8424, what constitutes taxable income?

  • Income from special laws
  • Net income after deductions and personal exemptions
  • Total income including all sources
  • Gross income items specified in the Code (correct)

    • Which of the following is excluded from the definition of taxable income as per Republic Act No. 8424?

    <p>Gross income items specified in the Code</p> Signup and view all the answers

    What does Republic Act No. 8424 consider as taxable income?

    <p>Gross income items specified in the Code</p> Signup and view all the answers

    What is included in the definition of taxable income as per Republic Act No. 8424?

    <p>Income from salaries and wages</p> Signup and view all the answers

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