Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Chapter 3 - Introduction to Income Tax Tomb a. b. a. a. a. 9. An alien who stayed less than one year in the Philippines

image text in transcribed

Chapter 3 - Introduction to Income Tax Tomb a. b. a. a. a. 9. 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 180 days c. 183 days 1 year d. 2 years 10. A corporation incorporated according to Philippines laws is a Domestic corporation c. Non-resident corporation b. Resident corporation d. De jure corporation 11. A foreign corporation which is not authorized to conduct business in the Philippines is a a. Domestic corporation c. Non-resident corporation b. Resident corporation d. De jure corporation 12. A foreign corporation which operates a branch in the Philippines is a Domestic corporation c. Non-resident corporation b. Resident corporation d. De jure corporation 13. A partnership which dominantly operates business abroad is a Domestic corporation c. Non-resident corporation b. Resident corporation d. De jure corporation USE 14. Which is required to pay income tax? a. Revocable trusts insbeson soba b. Estates under extrajudicial settlement C. Co-ownership m bomo za d. Business partnership 15. Which is not an income taxpayer? Non-resident foreign corporation is boos toaleto 2010 b. Non-resident alien not engaged in trade or business C. Joint venture engaged in energy operation pursuant to a service contract with the government bbonds Boat d. Irrevocable trusts 16. Which of the following taxpayers is taxable only on income earned from the Philippines? Resident corporation c. Resident citizen b. Domestic corporation d. All of these 17. All of the following are taxable only on income earned from sources within the Philippines, except Resident alien c. Non-resident corporation b. Non-resident citizen d. Domestic corporation a. a. a

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Accounting Principles Volume II

Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann

16th Canadian edition

978-1260305838

Students also viewed these Accounting questions