TDOA Activity: Income Taxation for Corporation

TDOA Activity: Income Taxation for Corporation

University

20 Qs

quiz-placeholder

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TDOA Activity: Income Taxation for Corporation

TDOA Activity: Income Taxation for Corporation

Assessment

Quiz

Other

University

Hard

Created by

Aprilyn Alisna

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not treated as corporation?

General professional partnership

A joint venture or consortium formed for the purpose of undertaking construction projects

A joint or consortium for engaging in petroleum, coal, geothermal and other energy operations pursuant to an operating consortium agreement under a service contract with the government

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is subject to income tax?

Philippine Amusement and Gaming Corporation (PAGCOR)

Local Water Districts

SSS and GSIS

Philippine Health Insurance Corporation (PHIC)

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is taxable based on income from all sources, within and without?

All of the choices

Domestic Corporations

Resident Foreign Corporations

Non-resident Foreign Corporations

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The term applies to a foreign corporation engaged in trade or business in the Philippines. . .

Petroleum Contractor

Multinational Corporation

Resident Foreign Corporation

Nonresident Foreign Corporation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following corporations shall pay a tax equal to twenty five percent (25%) of the gross income received during each taxable year from all sources within the Philippines?

Nonresident Foreign Corporation

Domestic Corporation

Resident Foreign Corporation

Joint Venture

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Aside from the ordinary corporate income tax of 25%, what other tax(es) may be imposed on corporations under the Philippine income tax laws?

Minimum corporate income tax

Capital gains tax

Passive income tax

All of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following passive income received by a domestic corporation shall be subject to 20% final withholding tax, except:

Interest income from peso bank deposit

Yield from deposit substitutes

Dividend income from another domestic corporation

Royalties

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