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TRUE OR FALSE
1. A revocable trust does not pay income tax.
2. Estates under judicial administration are considered individual
taxpayers.
3. Non-resident persons shall file their tax return to the Office of
the Commissioner of Internal Revenue.
4. The income distribution by a taxable estate or trust is a special
deduction to the estate or trust, but it is an item of gross
income to the recipient heir or beneficiary.
5. The income of minors from properties received as donations from
parents is taxable to the minor if the donation is exempt from
the donor’s tax.
6. The husband and the wife are treated as separate taxable units.
Each spouse shall compute his or her taxable income, but both of
them shall file a single return to include the income of both
spouses.
7. The income of minors from properties received as donations from
parents is taxable to parents if the donor’s tax on the donation
is not paid.
8. A disabled person need not file a return by virtue of his
disability.
9. The taxpayers signature in the income tax return is presumed
prima facie correct.
10. Large taxpayers shall e-file their tax returns through the BIR
Electronic Filling and Payment System.
11. Two or more trusts are consolidated as a single trust when both
are designated for the same beneficiary without regard to their
grantor.
12. When the grantor reserved for himself part of the income of the
trust, the same shall be treated as income of the grantor.
13. A trusteed employee pension fund does not pay income tax.
14. The substituted filing of tax returns does not apply when there
is concurrent or successive employment of the employee during the
year.
15. An employee trust fund must be managed by the employer to be
tax-exempt.
MULTIPLE-CHOICE: THEORY- PART 1
1. Who is a resident citizen?
a. A citizen who went on tour abroad
b. A citizen of the Philippines who establishes to the satisfaction
of the CIR the fact of his physical presence abroad with a
definite intention to reside therein
c. A citizen of the Philippines who leaves the Philippines during
taxable year to reside abroad.
d. A citizen of the Philippines who works and derives income abroad
and whose employment requires him to be physically present abroad
most of the time during the year.
2. Which of the following is an individual whose residence is within
the Philippines but who is not a citizen thereof?
a. Resident Citizen c. Resident Alien
b. Non-Resident Alien d. Non-Resident Alien
7. How long does a citizen have to stay abroad before being classified
as a non-resident?
a. At least 183 days c. More than 183 days
b. At least 180 days d. More than 180 days
8. How long shall an alien have to stay in the Philippines before being
classified as a resident alien?
a. At least 183 days c. At least 1 year
b. More than 183 days d. More than 1 year
9. The length of stay of individuals for purposes of taxpayer
classifications is reckoned as of
a. December 31 of the current year
b. December 31 of the prior year
c. the day the alien individual leaves the Philippines
d. the day the individual taxpayer files his income tax return
11. In 2014, an alien who has been in the country since July 1, 2013 is
classified as a
a. Resident alien c. NRA – ETB
b. Resident citizen d. NRA – NETB
12. In 2016, an American who had been a resident in the Philippines
since August 14, 2016 is a
a. Resident citizen c. NRA – ETB
b. Resident alien d. NRA – NETB
Philippines Abroad
Compensation income P 280, 000 -
Rental income 50, 000 100, 000
Royalties – books 32, 000 25, 000
Domestic dividends 9, 000 -
Foreign dividends - 40, 000
Compute his taxable income assuming she is a resident citizen.
a. P 330, 000 c. P 495, 000
b. P 371, 000 d. P 536, 000
6. The following relate to the net income of the firm of Mr. Agustin O.
Odit:
10. In the preceding problem, what is the tax credit if the taxpayer
was a non-resident citizen or a resident alien?
a. P 0 c. P 45, 000
b. P 40, 000 d. P 55, 000
a. P 0 c. P 330, 000
b. P 230, 000 d. P 345, 000
6. Compute the tax still due if Mr. Roger opted to the 8% optional tax.
a. P 31, 800 c. P 34, 400
b. P 32, 000 d. P 52, 000
10. Compute the income tax due if Jerik opted to use the 8% optional
income tax.
Compute the income tax still due if the taxpayer opted to the itemized
deduction.
12. Compute the income tax due if the taxpayer opted to the optional
standard deduction.
13. Compute the income tax due if the taxpayer opted to the 8% optional
income tax.
Compute the income tax due if Mr. Markey opted to itemized deduction.
15. Compute the income tax due if Mr. Markey opted to the 8% optional
tax.