Which of the f ollow ing indi vidua ls shall no t be subje ct to the inco me tax und er Secti on 24 (A)? I n d i v i d u a l c i t i z e n o f t h e P h i l i p p i n e s r e s i d i n g t h e r e i n; b.

Tags: accounting reviewer, Auditing and Assurance Service, Auditing Problems, Business Law and Taxation, Management Advisory Services, Practical Accounting 1, Practical Accounting 2, review materials cpa board exam, Theory of Accounts. CPA EXAM REVIEW AUDITING. This textbook contains information that was current at the time of printing. Accounting and Review Service Engagements.

Indiv idual cit izen of the P hilipp ines wh o resid ing out side the Ph ilippi nes inc luding o ver seas contract workers; c. Ind ivi dua l ali en wh o is a re sid ent o f the Ph ilip pin es; d. Indiv idual alien who is no t a r esid ent o f the Philipp ines. Wh ic h of th e fo ll ow in g in co me is no t fr om a re la te d tr ad e, bu si ne ss or acti vi ty of a do me sti c proprietary educational institution?

In co m e fr o m re nt o f av a il ab le o ff ic e s p ac es in o ne o f th e s ch o o l b ui ld in g s b. Incom e from t he hosp ital whe re med ical gr aduate s are tr ained f or res idenc y c. Inc om e fro m the ca nte en sit uate d wit hin th e sch ool c amp us d. Incom e fro m bo oksto re s ituate d w ithin the s choo l cam pus 3. How much i s the annual comm unity tax fo r ind ividu als?

Unde r this syst em ther e is a merger of all the p rope rties of th e husban d and the wife ow ned by the m at the time of the celebration of the marriage, or those acquired thereafter. C o n j u g a l p a r t n e r s h i p o f g a i n s b. Abs olu te co mmu nit y o f p rop ert ies c.

Com ple te sep ar atio n o f pro per tie s d. No ne of th e ch oi ce s 5. Which is n ot an esse ntial char acter istic of ta x? L i m i t e d a s t o a m o u n t b. Pr op or ti on at e in ch ar ac te r c. P a y ab le in mo ne y d.

R e gu la r p a y m en t 6. A c on tr ac t of sa le i s no t a D a. P r i n c i p a l c o n t r a c t c. C o n s e n s u a l c o n t r a c t b. N o m i n a t e c o n t r a c t d.

R e a l c o n t r a c t 7. “I pro mis e to pay P or his ord er the sum of P 10,0 00. 00 30 days af ter th e deat h of X. ” This is an instrument payable: A a. A t a d e t e r m i n a b l e f u t u r e t i m e b. O n D e m a n d c. Up on t he f ul fi llm en t of a co nd iti on d.

Donizetti Concertino Pdf Printer. At an i nde fin ite t ime, hen ce, n on- neg oti abl e 8. A c orpo ratio n ac quire s j uridic al p erso nality C a. U p o n t h e f i l i n g o f t h e a r t i c l e s o f i n c o r p o r a t i o n b. Up on t he fil ing of t he by -l aw s c. Upo n the is sua nce o f the ce rtif ica te of in cor por atio n d.

Within 3 0 days fr om re ceipt o f notic e of the iss uance o f the cer tificat e of inco rpor ation 9. It is the right o f the mort gago r to rede em the pr oper ty that was m ortg aged aft er it was so ld. E q u i t y o f r e d e m p t i o n c. Keunikan Printer Canon Ip2770. R i g h t o f s u b r o g a t i o n b. Ri gh t of re de mp ti on d.

Ri gh t of pr e- em pt io n 10. A with viole nce in her eyes intimid ated her husban d B to sell his excl usiv e proper ty to her. The contract of sale is B a. R e s c i s s i b l e c. U n e n f o r c e a b l e b. V o i d a b l e d. Which of the a bov e will be sub ject to a 25% civ il penalt y of the tax or o f the defici ency ta x?

Wi ll fu l n eg le c t to fi le th e r et ur n w it hi n t he pe r io d p r es cr ib ed by th e T ax C o d e o r r ul e s a n d regulations b. A fal se o r fra udu len t ret urn i s wil lfu lly m ade c. A per son w ho is n ot V AT -regi stere d issu es an in voic e or rec eipt sh owing his TI N, follo wed by the word 'VAT' d. Fail ure to file a ny retu rn and pa y the tax du e there on as req uired u nder th e prov ision s of the Tax Code or rules and regulations on the date prescribed 2. Which of the follow ing state ment s is INCO RRECT? Th e a m ou nt o f “ d e m in im is ” b e ne fi ts c o nf or m in g t o t he c e il in g p r es cr ib ed in th e T ax C o d e shall not be considered in determining the P30,000 ceiling of “other benefits” included in the exemp t 13th month and other benefits; b. Hp Ilo 4 Evaluation License Key.