Question: hello im in rush. please answer the 10 questions below. please explain briefly your answer thank you so much 41. Which of the following sales
hello im in rush. please answer the 10 questions below. please explain briefly your answer thank you so much
41. Which of the following sales of domestic stocks is subject to capital gains tax? *
a. Sale of domestic stocks through the PSE
b. Issue of domestic stocks to subscribers
c. Sale of domestic stocks directly to a buyer
d. Exchange of stocks for stocks in a corporate merger
42. The sale of listed shares will never be subjected to *
a. 15% capital gains tax
b. 6% capital gains tax
c. 60% of 1% percentage tax
d. Any of these
43. Which of these pay the 6% capital gains tax? *
a. Real property developer
b. Security dealer
c. Real property dealer
d. None of these
44. 1 - Generally, interest income from non-bank sources is subject to regular income tax. 2 - Foreign income is subjected to final tax if the taxpayer is taxable on global income. *
1 is True, 2 is False
1 is False, 2 is True
Both are True
Both are False
45. 1 - Items of passive income from abroad are subject to final tax. 2 - Interest income on government securities are subject to final tax. *
1 is True, 2 is False
1 is False, 2 is True
Both are True
Both are False
46. 1 - All items of passive income are generally subject to final-tax. 2 - Final tax is collected at source; hence, there is no need to file an income tax return. *
1 is True, 2 is False
1 is False, 2 is True
Both are True
Both are False
47. 1 - Stock dividends are always exempt-from final tax. 2 - General professional partnerships are subject to final tax but not to regular tax. *
1 is True, 2 is False
1 is False, 2 is True
Both are True
Both are False
48. 1 - A government employee may claim the tax informer's reward. 2- Individuals, except corporations, are subject to final tax on winnings-abroad. *
1 is True, 2 is False
1 is False, 2 is True
Both are True
Both are False
49. 1 - Winnings which are not more than PIO,OOO in amount are subject to the regular income tax. 2 - PSCO or lotto winnings are exempt from all types of income tax. *
1 is True, 2 is False
1 is False, 2 is True
Both are True
Both are False
50. 1 - NRA-NETB is subject to final only passive income from sources in the Philippines. 2 - NRA-NETB is not required to file the regular income tax return *
1 is True, 2 is False
1 is False, 2 is True
Both are True
Both are False
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