Income Tax

1/17/23, 3:56 PM QUIZ NO.
1: INCOME TAXATION
QUIZ NO. 1
Due
Aug 19, 2021 at 9:30am
Points
50
Questions
25
Available
Aug 19, 2021 at 8:30am - Aug 19, 2021 at 9:30am
1 hour
Time Limit
None
Instructions
Kindly answer what is/are being asked.
This quiz is no longer available as the course has been concluded.
Attempt History
Attempt Time Score
LATEST Attempt 1
47 minutes 36 out of 50

Correct answers are no longer available.
Score for this quiz:

36 out of 50
Submitted Aug 19, 2021 at 9:18am
This attempt took 47 minutes.
Incorrect
Question 1 0
/ 2 pts
One of the characteristics of internal revenue taxes is that they are

a. Penal in nature

b. Criminal in nature

c. Political in nature
https://ubaguio.instructure.com/courses/2760/quizzes/17320 1/14
1/17/23, 3:56 PM QUIZ NO. 1: INCOME TAXATION

d. Generally prospective in application
Question 2 2
/ 2 pts
The process by which the sovereign raises income to defray the expenses
of the government is called

a. subsidy

b. tariff

c. taxation

d. tribute
Question 3 2
/ 2 pts
Which of the following has no power of taxation?

a. provinces

b. cities

c. barangays

d. Barrios
Question 4 2
/ 2 pts
In case of conflict between tax laws and generally accepted accounting

principles (GAAP)

a. Both tax laws and GAAP shall be enforced

b. GAAP shall prevail over tax laws

c. Tax laws shall prevail over GAAP

d. The issue shall be resolved by the court
Incorrect Question 5 0
/ 2 pts
One of the following is a primary purpose of taxation

A. Protection of local industries against foreign competition through
imposition of high customs duties on imported goods

B. Reduction of inequalities in wealth and income by imposing
progressively higher tax rates

C. To secure revenue for the support of the government

D. Strengthening of anemic enterprises by giving tax exemptions.
Question 6 2
/ 2 pts
Which of the following is not a secondary purpose of tax?

A. To serve as key instrument of social control

B. To effect more equitable distribution of wealth among people

C. To achieve social and economic stability

D. To raise revenue to defray the necessary expenses of the government.
Question 7 2
/ 2 pts
Which is the best answer? A tax reform at any given time underscores the
fact that

A. Taxation is an inherent power of the state.

B. Taxation is essentially a legislative power

C. Taxation is a power that is very broad

D. The state can and should adopt progressive taxation
Question 8 2
/ 2 pts
The legislative body can impose a tax at any amount underscores the
legal truism that taxation is

A. An inherent power of the tax

B. A very broad power of the state

C. Essentially a legislative power

D. For public purpose
Question 9 2
/ 2 pts
Which theory in taxation states that without taxes, a government would be

paralyzed for lack of power to activate and operate it, resulting in the
destruction

A. Power to destroy theory

B. Lifeblood Theory

C. Sumptuary theory

D. Symbiotic doctrine
Question 10 2
/ 2 pts
Which statement below expresses the lifeblood theory?

A. The assessed taxes must be enforced by the government

B. The underlying basis of taxation is government necessity, for without
taxation, a government can neither exist nor endure.

C. The power of Taxation is an arbitrary method of exaction by those who
are in seat of power

D. The power of taxation is inherent power of the sovereign to impose
burdens upon subjects and objects within its jurisdiction of the purpose of
raising revenues.
Incorrect
Question 11 0
/ 2 pts
destroy
The power to tax is the power to Is this always so?

A. No. The executive branch may decide not to enforce a tax law which it
believes to be confiscatory.

B. Yes. The tax collectors should enforce a tax law even it results to the
destruction of the property rights of taxpayer.

C. Yes. Tax laws should always be enforced because without taxes the
very existence of the State is endangered.

D. No. The Supreme Court may nullify a tax law hence, property rights are
not affected.
Incorrect
Question 12 0
/ 2 pts
The power of taxation can only be exercised by the lawmaking body

A. subject to constitutional and inherent limitations

B. equality or theoretical justice

C. legislative in character

D. inherent in sovereignty
Question 13 2
/ 2 pts
Although the power of taxation is basically legislative in character, it is not

the function of the Congress to

A. fix with certainty the amount of taxes

B. collect the tax levied under the law

C. identify who should collect the tax

D. determine who should be subject to the tax
Question 14 2
/ 2 pts
Which statement gives the correct answer? That a feasibility study needs
or need to look into taxes of different political subdivisions of government
which may be alternative sites of the business because

A. Provinces, cities and municipalities must have uniform taxes between
and among themselves

B. The local taxes of a political subdivision need not be uniform with the
local taxes of another political subdivision.

C. Businesses that are subject to national taxes are exempted from local
business taxes.

D. Local businesses taxes may be credited against national business
taxes.
Question 15 2
/ 2 pts
1. The power of taxation is inherent in sovereignty being essential to the

existence of every government. Hence, even if not mentioned in the
Constitution, the state can still exercise the power.
2. It is essentially a legislative function. Even in the absence of any

constitutional provision, taxation power falls to Congress as part of the
general power of lawmaking.

A. False, False

B. False, True

C. True, True

D. True, False
Question 16 2
/ 2 pts
Those restrictions on the exercise of the power of taxation that are found
in the constitution or implied from its provisions

A. theoretical justice

B. legislative in character

C. inherent limitations

D. constitutional limitations
Incorrect
Question 17 0
/ 2 pts
The City Council passed an ordinance imposing an occupation tax on an

air conditioning. Pedro is the only person with such in the city. He
challenged the validity of the ordinance as being discriminatory since he is
the only one adversely affected.

A. The contention of Pedro is tenable

B. The ordinance is unconstitutional because Pedro is denied of his right to
equal protection of the law.

C. The contention of Pedro is not justified because the rule on uniformity is
not violated considering that the ordinance would also be imposed on all
air conditioning technicians who may come within the jurisdiction of the
city.

D. The issue on validity or invalidity of the ordinance should be set aside.
Question 18 2
/ 2 pts
Those who have more income should pay more income tax, while
minimum wage earners should be exempt

A. Uniformity of taxation

B. Equality of taxation

C. Due process of law

D. Non-delegation of legislative power
Question 19 2
/ 2 pts
All subject or objects that are similarly situated are treated alike as to the
burden that may be imposed and the benefits that may result

A. equitable

B. proportional

C. uniformity

D. progressive
Question 20 2
/ 2 pts
Which of the following is violative of the uniformity rule in taxation?

A. Different tax rates on boarding stables for racehorses and boarding
horses are not for racing;

B. Wholesale dealers in oil are subject to occupation tax while wholesale
dealers in other articles such as sugar, bacon, coal, iron and other things
are not so subject;

C. A road users’ tax imposed on all motor vehicles registered and
operating in the City of Manila but does not subject vehicles not registered
therein but also operating temporarily in the said city.

D. A tax of P2 per square meter or fraction thereof is imposed on every
billboard or sign anywhere in the country.
Incorrect
Question 21 0
/ 2 pts
Which of the following statements is not correct?

A. An inherent limitation of taxation may be disregarded by the application
of a constitutional limitation.

B. The property of an educational institution operated by a religious order
is exempt from property tax, but its income is subject to income tax.

C. The prohibition of delegation by the state of power of taxation will still
allow the Bureau of Internal Revenue to modify the rules on time for filing
of returns and payment of taxes.

D. The power of taxation is shared by the legislative and executive
departments of government.
Question 22 2
/ 2 pts
Kuarog Educational Inc., a stock educational institution organized for

profit, decided to lease for a commercial use a 1,500 sq. m. portion of its
school. The school actually, directly and exclusively use the rents for the
maintenance of its school’s building, including payment of janitorial Is the
leased portion subject to real property tax?

A. Yes, since Lualhati is a stock and for profit educational institution

B. No, since the school actually, directly and exclusively use the rents for
educational purposes

C. No, but it may be subject to income taxation on the rents it receives

D. Yes, since the leased portion is not actually, directly and exclusively
used for educational purposes
Question 23 2
/ 2 pts
All appropriation, revenue or tariff bills, bills authorizing increase of a

public debt, bills of local application, and private bills shall originate
exclusively in the

A. office of the president

B. house of the representatives

C. Senate

D. Supreme Court
Question 24 2
/ 2 pts
No law granting any tax exemption shall be passed without the

concurrence of

A. majority of all members of the Congress

B. 2/3 vote of all members of the congress

C. ¾ vote of all members of the Congress

D. Unanimous vote of all members of the Congress
/ 2 pts
Which of the following statements is incorrect?

A. No person shall be imprisoned for non-payment of debt or non-payment
of taxes

B. The passage of laws granting tax exemptions requires the concurrence
by a majority of all the members of Congress.

C. The Supreme Court’s jurisdiction over tax cases cannot be impaired.

D. The revenues and assets of non-stock, non-profit educational
institutions and donations for educational purposes are exempted from
taxes and duties.
Quiz Score:
36 out of 50
1/17/23, 3:58 PM QUIZ NO. 2 08262021: INCOME TAXATION
QUIZ NO. 2 08262021

Due
Aug 26, 2021 at 9:20am
Points
60
Questions
30
Available
Aug 26, 2021 at 8:30am - Aug 26, 2021 at 9:20pm
12 hours and 50 minutes
Time Limit
None
Instructions
This quiz covers basic principles of taxation.
Attempt History
Attempt Time Score
LATEST Attempt 1


26 out of 60
Submitted Aug 26, 2021 at 9:19am
Question 1 2
/ 2 pts
Taraki College is a non-stock, non-profit educational institution. It owns a

5-hectare lot one-half of which is being used as its school campus while
the other half is To cope with the increasing operating costs and to
upgrade its facilities, TC plans to do the following effective January 1,
2021: (1) rent out to a marketing firm the vacant portion of the lot; (2)
increase tuition fees by 10% in accordance with government regulations;
and (3) import 20 sets of computers for use in its computer courses.
Which of the following questions is answerable by “Yes”?

A. Is BC subject to real estate tax on the one-half portion to be rented out
to a business establishment?

B. Will it be exempt from income tax on its rental to the marketing firm?

C. Will the increase in tuition fees be subject to income tax if it results to a
net income from school operations?

D. Will it be subject to customs duties on the importation of the computers?
Question 2 2
/ 2 pts
The Bicol School of Business and Arts, a proprietary educational

institution which is offering primary, secondary and tertiary education, is
registered with and accredited by the Department of Education and the
Commission on Higher Education.
Which of the following is exempt from tax? What kind of tax?

A. The importation of laboratory equipment – from customs duties

B. The school building being rented by the school – from real property tax

C. A portion of the school building being leased to a fast-food chain – from
real property tax

D. The income from operation – from income tax
Question 3 2
/ 2 pts
Money collected from taxation shall not be paid to any religious dignitary
except when

A. the religious dignitary is assigned to the Philippine Army

B. it is paid by a local government unit

C. the payment is passed in audit by the COA

D. it is part of the lawmaker’s pork barrel.
/ 2 pts
A tax must be appropriated and spent for public Which of the following is
not a public purpose?

A. dole-out to victims of calamity

B. Pantawid Pamilyang Pilipino Program (4 Ps)

C. improvement of sugar industry

D. construction of a barangay chapel
Question 5 2
/ 2 pts
The fundamental rule in taxation is that “property of one country may not
be taxed by another country”

A. international law

B. international comity

C. reciprocity

D. international inhibition
Question 6 2
/ 2 pts
The amount required is dictated by the needs of the government in

A. license fee

B. tax

C. toll

D. tariff
Incorrect
Question 7 0
/ 2 pts
Constituted of the provisions of law which prescribe the manner of

enforcing the obligation on the part of those taxed to pay demand thus
created

A. collection

B. proportionate in character

C. enforced contribution

D. levy
Incorrect
Question 8 0
/ 2 pts
One of the characteristics of a tax is

A. A tax is pecuniary burden and the law may not allow payment in kind

B. It is dependent upon the will or contractual assent, express or implied,
of the person taxed.

C. It is levied by the state by virtue of its sovereignty

D. It is collected for public and private purposes
Question 9 2
/ 2 pts
Which of the following is not an example of excise tax?

A. transfer tax

B. Sales tax

C. Real property tax

D. Income tax
Question 10 2
/ 2 pts
A tax that is imposed upon a person who is directly bound to pay it.

A. direct tax

B. indirect tax

C. excise tax

D. poll tax
Incorrect
Question 11 0
/ 2 pts
Which of the following statements is wrong?

A. In case of conflict between a tax law and a revenue regulation, the latter
shall prevail

B. Non-payment of additional community tax is a ground for imprisonment

C. A revenue regulation can expand the provision of law by imposing a
penalty even if the law that it implements does not impose a penalty

D. Revenue bills shall originate exclusively from the Senate
/ 2 pts
Statement 1: The value-added tax is property tax
Statement 2: The estate tax is a direct tax

A. the two statements are correct

B. the two statements are wrong

C. statement 1 is correct; statement 2 is wrong

D. statement 1 is wrong; statement 2 is correct
Incorrect
Question 13 0
/ 2 pts
Forms part of the purchase price of the commodity or service and passed
on to customers

A. direct tax

B. indirect tax

C. excise tax

D. poll tax
/ 2 pts
Fernan is a mining operator. His mineral lands are not covered by any
lease contact. The tax Fernan has to pay based on the actual value of the
gross output or mineral products extracted is

A. mining tax

B. royalties

C. rental

D. ad valorem tax
Incorrect
Question 15 0
/ 2 pts
Tax levied for particular or specific purpose irrespective of whether

revenue is actually raised or not

A. revenue tax

B. regulatory tax

C. specific tax

D. ad valorem tax
Incorrect
Question 16 0
/ 2 pts
Which of the following taxes is progressive?

A. value-added tax

B. income tax

C. estate tax

D. donor’s tax
Question 17 2
/ 2 pts
The following are similarities of the inherent power of taxation, eminent

domain and police power except one

A. Are necessary attributes of sovereignty

B. Interferes with private rights and property

C. Affect all persons or the public

D. Are legislative in their implementation
Question 18 2
/ 2 pts
An example of a tax where the concept of progressive application is the

A. income tax on individuals

B. excise tax on petroleum products

C. value-added tax on certain articles

D. amusement tax on boxing exhibitions
Question 19 2
/ 2 pts
Which statement refers to police power as distinguished from taxation?

A. It can only be imposed on specific property or properties

B. The amount imposed depends on whether the activity is useful or not.

C. It involves the taking of property by the government

D. The amount imposed has no limit
Question 20 2
/ 2 pts
After having been informed that some massage parlors are being used as
fronts for prostitution, the Sangguiniang Panlungsod of Baguio passed a
tax ordinance subjecting to massage parlors within its jurisdiction to such
onerous taxes that leave them no other alternative but to stop The
passage of the ordinance is a valid exercise of

A. taxation

B. eminent domain

C. police power

D. police power and power of taxation
Incorrect
Question 21 0
/ 2 pts
Which of the following statements is correct?

A. Non-payment of tax and debt is ground for imprisonment

B. The power of taxation may include the power to destroy

C. Provisions in the Public Constitution on taxation are grants of power

D. Lands and buildings being used actually, directly and exclusively for
religious and charitable purposes by churches and charitable institutions
are exempt from income and property taxes.
Incorrect
Question 22 0
/ 2 pts
Statement 1: An Executive order by the President of the Philippines

directing the Commission on Higher Education to regulate the operation of
review centers is a valid exercise of police power
Statement 2: Construction of a church building is exempt from the

payment of building permit fees because the constitution provide that
churches are exempt from property taxes.
Which of the above statements is/are true?

A. Statement 1 only

B. Statement 2 only

C. Neither statements

D. Both statements
Incorrect
Question 23 0
/ 2 pts
Statement 1: The Congress can enact tax laws even in the absence of a
constitutional provision granting said body the power of tax.
Statement 2: A tax may be validly imposed in the exercise of police power

and not the power of tax.

A. False, False

B. False, True

C. True, True

D. True, False
Question 24 2
/ 2 pts
Tax as distinguished from license fee

A. Non-payment does not necessarily render the business illegal

B. a regulatory measure

C. Imposed in the exercise of police power

D. Limited to cover cost of regulation
Question 25 2
/ 2 pts
Which of the following terms describes this statement “that the state has
compensate discretion on the amount to be imposed after distinguishing
between a useful and non-useful activity”?

A. Tax

B. License fee

C. Toll

D. Customs duty
/ 2 pts
Taxation as a power maybe defined as, except

The authority by which the sovereign raises revenue to defray the
necessary expenses of the government.

The way of apportioning the cost of government among those who in some
measure are privileged to enjoy its benefits and must bear its burden.

The mode by which governments make exactions for revenue in order to
support their existence and carry out their legitimate objectives.

None of the above.
/ 2 pts

The “Benefit-Protection Theory” is the source of the “Doctrine of Symbiotic
Relationship” while the Theory of Taxation is based on the Lifeblood
Doctrine.

The power to tax is unlimited, comprehensive, plenary and supreme that it
can reach over into any jurisdiction to seize upon person or property.

The Constitution grants exemption from income tax on its revenues and
from real property tax on assets used actually, directly and primarily for
educational purposes.

A person can not object or resist the payment of taxes solely because no
personal benefit to him can be pointed as arising from the tax.
/ 2 pts
Which is not an essential characteristic of a tax?

It is unlimited as to amount.

It is payable in money.

It is proportionate in character.

It is a regular payment.
/ 2 pts
In order to constitute double taxation in the objectionable or prohibited

sense, the following must exist, except

The same property must be taxed twice when it should be taxed but once.

Both taxes must be imposed on the same property or subject matter and
for the same purpose.

It must be exercised by the same taxing authority within the same
jurisdiction by the same taxing authority within the same jurisdiction or
taxing district and during the same taxing period.

The tax rates must exact the same burden or charge.
Incorrect
Question 30 0
/ 2 pts

Tax evasion is a device or the use of means to escape a tax that is already
a liability and it is prohibited and punishable by law.

Tax avoidance is a device or the use of means to prevent an accrual of a
tax or to minimize a tax that may accrue and is permitted by law.

A tax compromise that lowers the delinquent tax due from a taxpayer is an
executive act pursuant to a legislative grant of power to the Executive
Department of the Government.

None of the above.
Quiz Score:
26 out of 60
1/17/23, 3:59 PM QUIZ NO. 3 ADA 09092021: INCOME TAXATION
QUIZ NO. 3 ADA 09092021

Due
Sep 9, 2021 at 9:15am
Points
50
Questions
25
Available
Sep 9, 2021 at 8:15am - Sep 9, 2021 at 9:15am
1 hour
Time Limit
None
Instructions
Answer what is/are being asked.
Attempt History
Attempt Time Score
LATEST Attempt 1


26 out of 50
Submitted Sep 9, 2021 at 8:53am
Question 1 2
/ 2 pts
Statement 1: The taxation power can be used to destroy if the law is valid.
Statement 2: A tax law which destroys things, business, or enterprises

for the purpose of raising revenue is an invalid tax law.
Which is incorrect?

a. Statement 1

b. Statement 2

c. Both Statements

d. Neither statement
Question 2 2
/ 2 pts
When tax is collected upon someone who is effectively reimbursed by

another, the tax is regarded as

a. Direct

b. Indirect

c. Poll tax

d. Illegal
Question 3 2
/ 2 pts
A tax that is imposed upon the performance of an act, the enjoyment of a

privilege or the engagement in a profession is known as

a. Income tax

b. License

c. Excise tax

d. Transfer tax
Question 4 2
/ 2 pts
All are ad valorem taxes, except one. Select the exception.

a. Poll tax

b. Estate tax

c. Real Property tax

d. Capital gains tax on sale, barter, exchange or other disposal or real
property classified as capital asset.
Question 5 2
/ 2 pts
Which is correct?

a. Taxes may be subject to compensation.

b. Toll, being a demand of ownership, is exercised only by private entities.

c. Dacion en pago and cession in payment are applicable to taxation.

d. Special assessment applies only when public improvement is made.
/ 2 pts
Which is NOT an excise tax?

a. Income tax

b. Community tax

c. Estate tax

d. Occupation tax
Incorrect
Question 7 0
/ 2 pts
To limit the production of an environmentally harmful commodity,

Congress passed a law subjecting the sales of an environmentally
unfriendly commodity to a P10/kilo tax but a 5% tax imposed on sales
exceeding P100, 000. Which is incorrect?

a. The tax is a combination of an ad valorem and specific tax.

b. This is an example of a regulatory tax.

c. This is a national tax.

d. This is a local tax.
Question 8 2
/ 2 pts
Statement 1: Taxes are voluntary contributions to the government.
Statement 2:Taxes are mandatory contributions to the government.

a. Only statement 1 is correct.

b. Only statement 2 is correct.

c. Both statements are correct.

d. Neither statement is correct.
Incorrect
Question 9 0
/ 2 pts
Select the incorrect statement.

a. Tax may be unlimited in amount.

b. Non-payment of license renders the business illegal.

c. Special assessment is not a liability of the person owning the property.

d. Special assessment can be imposed on building and other real right
attaching or pertaining to land.
Question 10 2
/ 2 pts
The BIR is under the direct supervision of

a. The Bureau of Customs

b. The President

c. The Department of Finance

d. Congress
Question 11 2
/ 2 pts
The principles of a sound tax system exclude

a. Economic efficiency

b. Fiscal adequacy

c. Theoretical justice

d. Administrative feasibility
Incorrect
Question 12 0
/ 2 pts
Which one of the following is the BIR not empowered to do?

a. Assess national taxes.

b. Collect income, business and transfer taxes

c. Assess and collect local taxes

d. Enforce forfeitures, penalties and fines
Incorrect
Question 13 0
/ 2 pts
The total consideration received from the sale of goods at a gain
represents

a. Return on capital

b. Return of capital

c. Either a or b

d. Both a and b
Question 14 2
/ 2 pts
Which is subject to income tax?

a. Proceeds of life insurance policy received by the family of the insured.

b. Excess of proceeds over premiums paid received by the taxpayer.

c. Life insurance proceeds received by the corporation from the insurance
of a deceased officer.

d. None of these.
Incorrect
Question 15 0
/ 2 pts
A Filipino who has been abroad for more than 183 days is classified as
a

a. Resident alien

b. Non-resident alien

c. Non-resident citizen

d. Non-resident citizen not engaged in trade or business
Question 16 2
/ 2 pts
An American who showed proof to the satisfaction of the Commissioner

of Internal Revenue of his intention to stay in the Philippines as an
immigrant is classified as a

a. Resident citizen

b. Resident alien

c. Non-resident alien engaged in trade or business

d. Non-resident alien not engaged in trade or business
Question 17 2
/ 2 pts
A Japanese who is staying in the Philippines for 183 days during the year
is a

a. Resident alien

b. Non-resident citizen

c. Non-resident alien engaged in trade or business

d. Non-resident alien not engaged in trade or business
Question 18 2
/ 2 pts
An alien who stayed less than one year in the Philippines is classified
as a non-resident alien not engaged in trade or business if he stayed
herein for less than

a. 180 days

b. 1 year

c. 183 days

d. 2 years
Incorrect
Question 19 0
/ 2 pts
Which of the following taxpayers is taxable only on income earned

from the Philippines?

a. Foreign Corporation

b. Domestic Corporation

c. Resident Citizen

D. All of these
/ 2 pts
Pedro, a non-resident citizen, lent money to Shino, a resident Chinese.

The indebtedness was collateralized by a property located in Japan.
The interest income is earned in

a. The Philippines

b. China

c. Japan

d. Japan, China and the Philippines
Incorrect
Question 21 0
/ 2 pts
Although the power of taxation is basically legislative in character, it is not

the function of the Congress to

A. fix with certainty the amount of taxes

B. collect the tax levied under the law

C. identify who should collect the tax

D. determine who should be subject to the tax
Incorrect
Question 22 0
/ 2 pts
Under this basic principle of sound tax system, the government should not
incur a deficit.

Theoretical justice

Administrative feasibility

Fiscal adequacy

Debt restructuring
Incorrect
Question 23 0
/ 2 pts
What basic principle of a sound tax system is met when congress evolves
a progressive system of taxation as mandated in the Constitution?

Theoretical justice

Administrative feasibility

Fiscal adequacy

Balanced budget
/ 2 pts
Which of the following statements is most correct? Statement 1. When the

primary consideration is the legislative, but doubts exist in determining
such intent, the doubts must be resolved strictly against the taxing
authority. Statement 2. Tax exemptions are strictly construed against the
taxpayer.

Statement 1 only

Statement 2 only

Both statements

None of the above
Question 25 2
/ 2 pts
The proportional contribution from persons and properties levied by the

law-making body of the State by virtue of its sovereignty for the support of
the government and all public needs is referred to as

Taxes.

Special assessment.

License fees.

Surcharges.
Quiz Score:
26 out of 50
1/17/23, 3:59 PM SW NO. 2 TXTION1 ADA 09232021: INCOME TAXATION
SW NO. 2 TXTION1 ADA 09232021

Due
Sep 23, 2021 at 9:15am
Points
50
Questions
25
Available
Sep 23, 2021 at 8:15am - Sep 23, 2021 at 9:15am
1 hour
Time Limit
None
Instructions
Answer what is/are being asked.
Attempt History
Attempt Time Score
LATEST Attempt 1


32 out of 50
Incorrect
Question 1 0
/ 2 pts
If the taxpayer is a resident citizen of the Philippines, which of the

following is not considered as Taxable Income?

Rent income from property outside of the Philippines.

Capital gain on shares of stocks of a domestic corporation sold thru the
Philippine Stock Exchange.

Capital gain on sale of real property in the Philippines.

Interest on bank deposit in the Philippines.
Question 2 2
/ 2 pts
Gains, profits and income from the sale of real property are for sources
within the Philippines if:

The real property sold is owned by a resident citizen.

The real property sold is located in the Philippines.

The real property sold is located outside the Philippines.

The real property is sold in the Philippines.
Question 3 2
/ 2 pts
The power to tax can be delegated to units of local government, but with
limitations as may be imposed by law.

True

False
Question 4 2
/ 2 pts
The power to tax cannot be delegated to the executive department of the

National Government.

True

False
Question 5 2
/ 2 pts
The delegation of the power to tax relates merely to administrative

implementation that may call for some degree of discretionary powers
under a set of sufficient standards expressed by law.

True

False
Question 6 2
/ 2 pts
If an individual renders services for a creditor who in consideration thereof

cancels the debt, the cancellation of indebtedness may amount to a

Payment of income.

Capital contribution.

Gift.

Donation inter-vivos.
Incorrect
Question 7 0
/ 2 pts
Which of the following statements is not correct? Relatively small meal

allowances paid to rank and file employee intended to promote health and
goodwill are

Subject to income tax as compensation.

Considered as de minimis fringe benefits.

Not subject to income tax as compensation.

Not subject to fringe benefit tax.
Incorrect
Question 8 0
/ 2 pts
All Filipino citizens are taxable for their income earned within and outside
the Philippines.

True

False
Incorrect
Question 9 0
/ 2 pts
Compensation may be paid in money or in some medium other than

money, as for example, stocks, bonds or other forms of property.

True

False
Question 10 2
/ 2 pts
If services are paid for in a medium other than money, the fair market
value of the thing taken in payment is the amount to be included as
compensation.

True

False
Question 11 2
/ 2 pts
A mere increase in the value of the property is not income but merely an
unrealized increase in capital.

True

False
Incorrect
Question 12 0
/ 2 pts
If the taxpayer receives, through mistake, an amount in excess of the

amount agreed upon, the excess is not taxable unless the duty to return is
not clear or is disputed.

True

False
Incorrect
Question 13 0
/ 2 pts
Remuneration for services constitutes compensation even if the

relationship of employer and employee does not exist any longer at the
time when the payment is made between the person in whose employ the
services had been performed and the individual who performed them.

True

False
Question 14 2
/ 2 pts
Compensation income must arise not from corporate services but under
an employer-employee relationship and it is in the nature of income to the
recipient employee.

True

False
Question 15 2
/ 2 pts
All earnings are taxable with income tax.

True

False
Question 16 2
/ 2 pts
Which of the following is not classified as income for taxation purposes?

Gain derived from labor.

Return on capital.

Excess of selling price over cost of assets sold.

Gift received.
Question 17 2
/ 2 pts
Who among the following is a non-resident alien?

An alien who comes to the Philippines for a definite purpose which in its
nature would require an extended stay.

An alien who has acquired residence in the Philippines.

An alien who comes to the Philippines for a definite purpose which in its
nature may be promptly accomplished.

An alien who lives in the Philippines with no definite intention as to his stay.
Incorrect
Question 18 0
/ 2 pts
Which of the following statements is/are correct?
Statement 1. All foreign corporations are taxable only for income earned
within the Philippines.
Statement 2. All Filipino citizens are taxable for their income earned within
and outside the Philippines.

Statement 1 only.

None of the above.

Statement 2 only.

Both statements.
Incorrect
Question 19 0
/ 2 pts
The following are passive income, except:

Interest from Philippine currency bank.

Royalties, Prices and Winnings more than P10,000.

Shares of individual partners in the net profits of taxable partnerships.

Stock dividends from domestic corporations.
Question 20 2
/ 2 pts
Which of the following is not a characteristic of income?

Increase in taxpayer’s wealth.

Realization or receipt of gain.

Earnings constructively received.

Return of taxpayer’s wealth.
Question 21 2
/ 2 pts
Which of the following income is to be reduced by itemized deductions?

Compensation income.

Passive income.

Business income.

Capital gain.
Incorrect
Question 22 0
/ 2 pts
An individual single proprietorship could claim both the itemized deduction

and optional standard deduction in the same taxable year.

True

False
Question 23 2
/ 2 pts
Husband may choose itemized deduction while the wife may choose
optional standard deduction or vice versa. (assuming both have registered
business)

True

False
Question 24 2
/ 2 pts

The optional standard deduction is allowed to a resident citizen.

The optional standard deduction is allowed to a non-resident corporation.

The optional standard deduction is allowed to a domestic corporation.

The optional standard deduction is allowed to a non-resident citizen.
Question 25 2
/ 2 pts
Which of the following statements is correct?

For purposes of the optional standard deduction, gross income means
gross profit from sales, or gross receipts or revenues less direct cost of
services, plus all other items of gross income.

For purposes of the optional standard deduction, gross income means, if a
service concern, gross receipts less direct cost of services.

For purposes of the optional standard deduction, gross income includes
the net capital gain.

For purposes of the optional standard deduction, gross income means, if a
trading concern, gross profit from sales.
Quiz Score:
32 out of 50

Due
Sep 30, 2021 at 9:30am
Points
40
Questions
14
Available
Sep 30, 2021 at 8:15am - Sep 30, 2021 at 9:35am
1 hour and 20 minutes
Time Limit
None
Instructions
Answer/Compute what is being asked. Use the graduated tax table when computing the income tax due.
Kindly use comma to separate the thousand in your answers in the blank provided but no need to place
the peso sign already. Kindly attach here the picture of your solutions to the problems given. Round off
the income tax due to the nearest whole number.
Attempt History
Attempt Time Score
LATEST Attempt 1


0 out of 40
Incorrect
Question 1 0
/ 3 pts
Mr. Kulas is a mixed income earner. In year 2019, he earned gross

compensation income of P1,687,780, excluding 13th month pay and other
benefits of P181,000. In his trading business, his gross taxable business
income is P1,164,180 and incurred total deductible expenses of
P699,150. How much is her income tax due?
370,000
Incorrect
Question 2 0
/ 3 pts
2. In no. 1, if during the year, total tax credits is P89,880 and total tax
payments for the three quarters is P135,883, how much is the income tax
payable (refundable)?
12,000
Incorrect
Question 3 0
/ 2 pts
If the taxable net compensation income in year 2020 is 980,800, how

much is the income tax due?
370,000
Incorrect
Question 4 0
/ 2 pts
If the taxable net business income of Mr. Dong in year 2020 is 3,090,800,
how much is his income tax due?
1,130,000
/ 3 pts
Miss Bettypol earned gross sales for year 2020 from her business in the
amount of P6,880,800. For the year, the total allowable deductions is
P2,875,900. How much is her income tax due?
1,130,000
/ 3 pts
Mr. Balatong is a mixed income earner. In year 2020, he earned net

taxable compensation income of P1.087,450. In his auto repair business,
his net taxable business income is P2,802,120 and has non-operating
income of P130,000 (not subjected to final tax). How much is her income
tax due?
1,130,000
/ 3 pts
In no. 6, if during the year, total tax credits is P41,381 and total tax
payable?
370,000
Incorrect
Question 8 0
/ 3 pts
Mr. Yuso is a mixed income earner. In year 2020, he earned net taxable
compensation income of P1,087,780. In his monkey business, his net
taxable business income is P1,194,180 and has non-operating income of
P150,000 (not subjected to final tax). How much is her income tax due?
370,000
Incorrect
Question 9 0
/ 3 pts
payments for the three quarters is 69,188, how much is the income tax
payable?
Incorrect
Question 10 0
/ 3 pts
Miss Kurdapya earned gross sales for year 2020 from her business in the
amount of P5,080,800. The cost of sales is 2,189,380. For the year, the
total allowable deductible operating expenses is P775,800. How much is
her income tax due?
1,130,000
Incorrect
Question 11 0
/ 3 pts
payable?
370,000
Incorrect
Question 12 0
/ 3 pts
Incorrect
Question 13 0
/ 3 pts
What if in no. 10, the taxpayer availed of the 8% option tax, how much is
the income tax due?
370,000
Incorrect
Question 14 0
/ 3 pts
What if in no. 6, the taxpayer availed of the 8% option tax, how much is
the income tax due?
Quiz Score:
0 out of 40

Due
Oct 5, 2021 at 9:25am
Points
30
Questions
10
Available
Oct 5, 2021 at 8:50am - Oct 5, 2021 at 9:30am
40 minutes
Time Limit
None
Instructions
Using the graduated tax table, compute the income tax due and/or income tax payable (refundable) of
the following given problems. Round off the total income tax due to the nearest whole number.
Attempt History
Attempt Time Score
LATEST Attempt 1


27 out of 30
Submitted Oct 5, 2021 at 9:20am
Question 1 3
/ 3 pts
What is the income tax due if the net taxable compensation income is
P478,800?
49,700
Question 2 3
/ 3 pts
In the preceding problem, what if there is tax payments made in the

previous quarter in the amount of P38,800, what is the income tax
10,900
Question 3 3
/ 3 pts
What is the income tax due if the net taxable business income is
P1,108,600?
222,580
Question 4 3
/ 3 pts

previous quarters in the amount of P158,800, what is the income tax
63,780
Question 5 3
/ 3 pts
P3,158,400?
860,688
Question 6 3
/ 3 pts

131,908
Question 7 3
/ 3 pts
What is the income tax due if the net taxable compensation income is
P1,598,890?
369,667
Incorrect
Question 8 0
/ 3 pts

38,000
Question 9 3
/ 3 pts
P1,288,700 and net taxable compensation income of P518,480?
432,154
Question 10 3
/ 3 pts

previous quarters in the amount of P328,788 and income tax credits of
P75,858, what is the income tax payable (refundable)?
27,508
Quiz Score:
27 out of 30

Due
Oct 14, 2021 at 2:05pm
Points
35
Questions
12
Available
Oct 14, 2021 at 1pm - Oct 14, 2021 at 2:10pm
1 hour and 10 minutes
Time Limit
None
Instructions
Compute the income tax due and/or income tax payable (refundable) of the following given problems.
Round off the total income tax due to the nearest whole number. Submit the picture of your solutions in
the canvas under assignment. For negative answers, kindly place negative (-) sign before the number.
Attempt History
Attempt Time Score
LATEST Attempt 1


18 out of 35
Submitted Oct 14, 2021 at 1:46pm
Question 1 3
/ 3 pts
Mr. Lebron is a mixed income earner. In year 2020, he earned gross

compensation income of P1,587,780, including 13th month pay and other
P599,150. Using the graduated tax table, how much is his income tax
due?
574,099
Question 2 3
/ 3 pts
498,336
Question 3 3
/ 3 pts
Mr. James is a mixed income earner. In year 2020, he earned gross

P684,180. In addition, he earned non-operating income of P145,000 (not
subjected to final tax). Using the graduated tax table, how much is his
income tax due?
664,074
Question 4 3
/ 3 pts
558,316
Question 5 3
/ 3 pts
Miss Dangsoyan earned gross sales for year 2020 from her business in
the amount of P4,280,850. The cost of sales is 2,088,580. For the year,
the total allowable deductible operating expenses is P828,800. Using the
graduated tax table, how much is her income tax due?
299,041
Question 6 3
/ 3 pts
171,999
/ 3 pts
Miss Dangsoyan earned gross sales for year 2020 from her business in
the amount of P4,280,850. The cost of sales is 2,088,580. For the year,
the total allowable deductible operating expenses is P828,800. If the

taxpayer availed of the 8% optional tax, how much is her income tax due?
23,923
Incorrect
Question 8 0
/ 3 pts
Mr. Lebron is a mixed income earner. In year 2020, he earned gross

P599,150. If the taxpayer availed of the 8% option, how much is his
income tax due?
45,928
Incorrect
Question 9 0
/ 3 pts

subjected to final tax). If the taxpayer availed of the 8% option, how
much is his income tax due?
404,298
Incorrect
Question 10 0
/ 3 pts

subjected to final tax). If the taxpayer availed of the 8% option, how
much is his income tax due?
401,784
Incorrect
Question 11 0
/ 2 pts
-62,744
Incorrect
Question 12 0
/ 3 pts
-38,576
Quiz Score:
18 out of 35
1/17/23, 4:02 PM QUIZ NO. 4 TXTION1 ADA 10212021: INCOME TAXATION
QUIZ NO. 4 TXTION1 ADA 10212021

Due
Oct 21, 2021 at 9:30am
Points
25
Questions
9
Available
Oct 21, 2021 at 8:30am - Oct 21, 2021 at 9:30am
1 hour
Time Limit
None
Instructions
Solve the given problems. Write your solutions in a clean paper and attach the picture in the canvas
under assignment. Use this sign (-) for negative answers. Round off to the nearest whole number the
income tax due.
Attempt History
Attempt Time Score
LATEST Attempt 1


6 out of 25
Submitted Oct 21, 2021 at 9:29am
Unanswered
Question 1 0
/ 3 pts
Mr. Caruso is a mixed income earner. In year 2019, he earned gross

compensation income of P958,780, including 13th month pay and other
benefits of P128,000. In his trading business, his gross sales is
P2,564,180, cost of sales is P1,135,882 and incurred total deductible
business expenses of P527,180. What is the income tax due of Caruso
under the graduated income tax rates if he opted the OSD?
Unanswered
Question 2 0
/ 3 pts
In no. 1, what is the income tax due of Caruso under the graduated
income tax rates if he opted the itemized deductions?
Unanswered
Question 3 0
/ 3 pts
In no. 1, what is the total income tax due of Caruso if he opt the 8%
income tax rate?
Unanswered
Question 4 0
/ 3 pts
In no. 1, compute the income tax due of Caruso if he opt the 8% income
tax rate and he has no compensation income.
Unanswered Question 5 0
/ 2 pts
/ 2 pts
/ 3 pts
Mr. Natuto Na, engaged in trading business, provided the following data
for the year 2019. Gross sales P 4,488,580; Cost of sales P2,488,800;
Operating Business expenses P968,100. What is the income tax
due under the graduated income tax rates if he opted the itemized
deductions?
Question 8 3
/ 3 pts
Mr. Natuto Na, engaged in trading business, provided the following data
for the year 2019. Gross sales P 4,488,580; Cost of sales P2,488,800;
Operating Business expenses P968,100. What is the income tax
due under the graduated income tax rates if he opted the OSD?
711,807
Question 9 3
/ 3 pts
-19,362
Quiz Score:
6 out of 25

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1/17/23, 3:56 PM QUIZ NO.

This quiz is no longer available as the course has been concluded.

Score for this quiz:

One of the characteristics of internal revenue taxes is that they are

Which of the following has no power of taxation?

In case of conflict between tax laws and generally accepted accounting

One of the following is a primary purpose of taxation

Which of the following is not a secondary purpose of tax?

Which theory in taxation states that without taxes, a government would be

Which statement below expresses the lifeblood theory?

The power of taxation can only be exercised by the lawmaking body

Although the power of taxation is basically legislative in character, it is not

1. The power of taxation is inherent in sovereignty being essential to the

2. It is essentially a legislative function. Even in the absence of any

The City Council passed an ordinance imposing an occupation tax on an

Which of the following is violative of the uniformity rule in taxation?

Which of the following statements is not correct?

Kuarog Educational Inc., a stock educational institution organized for

All appropriation, revenue or tariff bills, bills authorizing increase of a

No law granting any tax exemption shall be passed without the

Which of the following statements is incorrect?

QUIZ NO. 2 08262021

This quiz is no longer available as the course has been concluded.

Score for this quiz:

Taraki College is a non-stock, non-profit educational institution. It owns a

The Bicol School of Business and Arts, a proprietary educational

Which of the following is exempt from tax? What kind of tax?

The amount required is dictated by the needs of the government in

Constituted of the provisions of law which prescribe the manner of

One of the characteristics of a tax is

Which of the following is not an example of excise tax?

Which of the following statements is wrong?

Statement 1: The value-added tax is property tax

Statement 2: The estate tax is a direct tax

Tax levied for particular or specific purpose irrespective of whether

Which of the following taxes is progressive?

The following are similarities of the inherent power of taxation, eminent

An example of a tax where the concept of progressive application is the

Which statement refers to police power as distinguished from taxation?

Which of the following statements is correct?

Statement 1: An Executive order by the President of the Philippines

Statement 2: Construction of a church building is exempt from the

churches are exempt from property taxes.

Which of the above statements is/are true?

Statement 2: A tax may be validly imposed in the exercise of police power

Tax as distinguished from license fee

Taxation as a power maybe defined as, except

Which of the following statements is not correct?

Which is not an essential characteristic of a tax?

In order to constitute double taxation in the objectionable or prohibited

Which of the following statements is not correct?

QUIZ NO. 3 ADA 09092021

This quiz is no longer available as the course has been concluded.

Score for this quiz:

Statement 2: A tax law which destroys things, business, or enterprises

When tax is collected upon someone who is effectively reimbursed by

A tax that is imposed upon the performance of an act, the enjoyment of a

All are ad valorem taxes, except one. Select the exception.

Which is NOT an excise tax?

To limit the production of an environmentally harmful commodity,