Quiz about BIR RDO 27 Caloocan Transfer Tax on Estate and Donation

Question 1

Accepted Answer

B

Answer

A

Answer

C

Answer

D

Question 2

Accepted Answer

D

Answer

A

Answer

B

Answer

C

Question 3

Accepted Answer

D

Answer

A

Answer

B

Answer

C

Question 4

Accepted Answer

A

Answer

B

Answer

C

Answer

D

Question 5

Accepted Answer

D

Answer

A

Answer

B

Answer

C

Question 6

Accepted Answer

D

Answer

A

Answer

B

Answer

C

Question 7

Accepted Answer

C

Answer

A

Answer

B

Answer

D

Question 8

Accepted Answer

C

Answer

A

Answer

B

Answer

D

Question 9

Accepted Answer

B

Answer

A

Answer

C

Answer

D

Question 10

Accepted Answer

B

Answer

A

Answer

C

Answer

D

Question 11

WHICH SECTION OF THE TRAIN ACT STATES THE RATE OF DONOR'S TAX?

Accepted Answer

A. SECTION 11

Answer

B. SECTION 12

Answer

C. SECTION 16

Answer

D. ALL OF THE ABOVE

Question 12

WHAT IS THE PURPOSE/GOAL OF THE TRAIN ACT?

Accepted Answer

E. ALL OF THE ABOVE

Answer

A. TO GENERATE REVENUE TO ACHIEVE THE 2022 & 2040 VISION OF THE GOVERNMENT

Answer

B. TO ERDICATE EXTREME POVERTY

Answer

C. TO CREAT INSTITUTIONS THAT WILL OFFER EQUAL OPPURTUNITIES TO ALL

Answer

D. TO MAKE THE TAX SYSTEM SIMPLIER, FAIRER, AND MORE EFFICIENT

Question 13

WHICH OF THE FOLLOWING STATEMENTS ARE TRUE & CORRECT?

Accepted Answer

C. DONOR'S TAX RATE FOR EACH CALENDAR YEAR SHALL BE 6%

Answer

A. DONOR'S TAX IS A PROPERTY TAX

Answer

B. DONOR'S TAX RATE FOR STRANGERS UNDER THE TRAIN LAW IS 30%

Answer

D. ALL OF THE ABOVE

Answer

E. NONE OF THE ABOVE

Question 14

WHEN IS A DONATION COMPLETED?

Accepted Answer

D. BOTH A & B

Answer

A. FROM THE MOMENT THE DONOR KNOWS THE ACCEPYANCE BY THE DONEE

Answer

B. BY THE DELIVERY, EITHER ACTUALLY OR CONSTRUCTIVELY, OF THE DONATED PROPERTY TO THE DONEE

Answer

C. UPON PAYMENT OF THE DONOR'S TAX DUE

Answer

E. ALL OF THE ABOVE

Question 15

UNDER THE TRAIN LAW, WHICH OF THE FOLLOWING ARE EXEMPT FROM DONOR'S TAX?

Accepted Answer

B. GIFTS IN FAVOR OF A PHILANTROPIC ORGANIZATION

Answer

A. GIFTS MADE TO OR FOR THE USE OF ENTITY CREATED BY ANY OF THE GOVERNMENT'S AGENCIES WHICH IS CONDUCTED FOR PROFIT

Answer

C. DONNIES MADE IN ACCOUNT OF MARRIAGE

Answer

D. ALL OF THE ABOVE

Answer

E. BOTH A & B

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