Learning Task 3 Directions: Read each sentence carefully and determine whether the statement is True or...

 

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Learning Task 3 Directions: Read each sentence carefully and determine whether the statement is True or False. Write your answers in your journal. 1. Individual taxpayers are classified into three, namely compensation income earner, business income earner, and multiple earner 2, Graduated tax is always used by the mixed income earner in the computation of their tax due. Taxes can be paid quarterly by the compensation income earner. 3. 4. BIR FORM 1701Q is used to file income tax for mixed income earners. 5. VAT registration threshold is the amount of money you can earn before you need to register for VAT. Learning Task 3 Directions: Read each sentence carefully and determine whether the statement is True or False. Write your answers in your journal. 1. Individual taxpayers are classified into three, namely compensation income earner, business income earner, and multiple earner 2, Graduated tax is always used by the mixed income earner in the computation of their tax due. Taxes can be paid quarterly by the compensation income earner. 3. 4. BIR FORM 1701Q is used to file income tax for mixed income earners. 5. VAT registration threshold is the amount of money you can earn before you need to register for VAT.

Answer rating: 100% (QA)

1 False Only two types of income earners are there Business income earner and mult... View the full answer