Subject: Taxation. Please include solution in prob-solving. Thanks!!!

1. Dua Lipa is the owner of three parcels of land. - Dua Lipa rented Land #1 to Hailee. Monthly rental payments by Hailee amount to P20.000. The rental contract is set to last for two years. Land #1 has a value of P2.300.000. The land is located in Zamboanga

- Dua Lipa gave Land #2 to Selena through a revocable deed of donation on March

13, 2018. Dua Lipa revoked the donation on September 2, 2018. Land #2 has a value

of P3.400.000 on March 13 and P3 920.000 on September 2. The land is located in Zambales. - Dua Lipa gave land #3 to Carly in exchange of cash worth P500.000. The land's value is P2.440.000. The transaction was documented in a notarized deed. The land is located in Japan.

If Dua is a resident citizen, how much is the donor's tax due?

a. 131,400

b. 101,400

c. 305, 400

d. 336, 600

2. What is the maximum quantitative threshold on administrative purposes for donation to a nonstock-nonprofit organization to be exempted from donor's tax?

a. Not more than (30%) of said gifts shall be used by such donee for administrative purposes

b. Not more than (10%) of said gifts shall be used by such donee for administrative purposes

c. Not more than (20%) of said gifts shall be used by such donee for administrative purposes

d. Not more than (40%) of said gifts shall be used by such donee for

administrative purposes

3. For Domino's passing of the examination for Certified Public Accountant. Shakeys donated the following properties to Dominos in April 26, 2021:

- A newly purchased car. The car has a fair value of P5.000.000, but Shakeys was able to buy the car for P4.500.000. - A used jewelry. At the time of purchase, the jewelry was worth P3.000.000. At the

time of donation, the jewelry was worth P2.000.000. -3.000 preference shares with a par value of P15 per share, a market value of P2o. a

book value of P33. and a liquidation value of P24

-4.000 ordinary shares with a par value of P10 per share and a market value of

P12.50

When is the deadline for Shakeys to file the donor's tax return?

a. May 11, 2021

b. May 26, 2021

c. April 15, 2021

d. June 25, 2021