2. Which of the following is not an income for income tax purposes? a.Gift received b.Return on capital c.Excess of selling price over cost of assets sold d.Gain derived from labor 7. Which of the following concepts of taxation embraces the idea that tax affects the area as a community rather than as an individual? a.Public purpose b.Equity in taxation c.Uniformity in taxation d.General welfare 9. Which of the following is not true about source of income? a.In case of profits from the sale or exchange of capital assets, source is the place where the transaction occurs b.None of the above c.In case of income derived from use of capital, source is the place where the capital is employed d.In case of income derived from labor, source is the place where the labor is performed 11. Which of the following tax saving practices could result in a BIR assessment? a.Maximizing tax incentives b.Engaging in tax dodging schemes c.Practicing tax avoidance d.Entering into compromise with the government 12. Which of the following statements signifies a characteristic of taxation? a.Tax is generally payable in money b.Without tax, the State can continue to exist c.Taxation is an administrative function d.The power of taxation is given by the legislative action 14. This strategy entails changing operations so that more tax-favored categories of income or assets are produced. a.Splitting b.Shifting c.Creation d.Conversion 15. Which of the following forms of escapes will more likely to result in loss of revenue to the government? a.Capitalization b.Transformation c.Shifting d.Tax exemption

no need to explain. thank yoi