Identify whether income is just to FINAL TAX, REGULAR TAX or NOT TAXABLE.

1. Mr. Jeon earned interest income from bank deposits in KOREA.

2. Dividends received by Mr. Kim from McDonalds Corporation in Davao City

3. Mr. Kim earned interest income from his lending activities.

4. Mr. Jeon earned interest income from bonds and promissory notes.

5. Mr. Park was nominated as the outstanding employee of the year and received P10,000 cash prize.

6. Dividends declared and paid by Jollibee Inc. in Hongkong to RD Corporation of Davao City, Philippines

7. Dividends received by Mr. Kim from Jollibee Inc. in Hongkong

8. Atty. Kim, a partner in a law firm with Atty. Park received his share in the income of his partnership with Mr. Jung engaged in selling native product in Davao Supermarket

9. RD Corporation was nominated and won award of "Best in Corporate Social Responsibility Practices

10. Dividends declared and paid by SM Corporation in Manila, Philippines to SM Supermalls in Davao City.

Answer rating: 100% (QA)

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