This class was created by Brainscape user Fair Anthonie Chaclag. Visit their profile to learn more about the creator.

Decks in this class (18)

General Principles
1 the process or means by which t...,
2 the proportional contribution b...,
3 the primary purpose of taxation...
85  cards
Individuals
1 it is important to know the sou...,
2 the following are the general p...,
3 a citizen of the philippines wh...
24  cards
Corporation
1 which of the following statemen...,
2 which of the following statemen...,
3 this term applies to a foreign ...
26  cards
PARTNERSHIP, CO-OWNERSHIP, JOINT VENTURE
1 for purposes of taxation partne...,
2 the members of this form of bus...,
3 statement 1 a general professio...
19  cards
ESTATE AND TRUST
1 the property rights and obligat...,
2 a person whose property is tran...,
3 a decedent who has a will upon ...
20  cards
GROSS INCOME
1 which of the following is a req...,
2 which of the following is not a...,
3 which of the following test of ...
37  cards
DEDUCTIONS
1 in cases of deduction and exemp...,
2 the following are examples of e...,
3 the interest expense of a domes...
39  cards
FRINGE BENEFITS
1 which of the following is subje...,
2 which statement is incorrect th...,
3 which of the following fringe b...
15  cards
CAPITAL ASSETS
1 the term capital assets include...,
2 which of the following properti...,
3 under section 39 b of the tax c...
18  cards
INSTALLMENT REPORTING
1 an individual making a casual s...,
2 gross income is reported partia...,
3 on capital gains tax on real pr...
9  cards
DONOR’S TAX
1 an act of liberality whereby on...,
2 a tax imposed on the gratuitous...,
3 the following are the requisite...
30  cards
ESTATE TAX
1 it is a mode of acquisition by ...,
2 succession which results from t...,
3 an act whereby a person is perm...
36  cards
VALUE-ADDED TAX (VAT)
1 which of the following is not a...,
2 which of the following is not i...,
3 statement 1 an article exempt f...
34  cards
OTHER PERCENTAGE TAX (OPT)
1 which of the following is subje...,
2 statement i other percentage ta...,
3 which of the following entities...
19  cards
EXCISE TAX AND DOCUMENTARY STAMP TAX
1 abc company produced 10 000 uni...,
2 on january 1 2021 abc cigar inc...,
3 abc company imported excisable ...
8  cards
LOCAL TAXATION
1 which of the following has no p...,
2 where does the local tax author...,
3 which of the following is not a...
46  cards
PREFERENTIAL TAXATION
Senior citizens1 mr x 62 years of...,
2 ms a 62 years old was treated b...,
3 mr x 65 years old celebrated hi...
50  cards
REMEDIES
1 the power to decide disputed as...,
2 it is the official action of an...,
3 where a return was filed as a g...
38  cards

More about
TAX

  • Class purpose General learning

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