Classify whether it is TRUE or FALSE

1) Symbiotic relation is the reason why the government could impose taxes on the income of the resident citizens derived from sources outside the Philippines.

2) In the case of a transfer for a valuable consideration by assignment or otherwise, of a life insurance, endowment or annuity contract or any interest therein, only the actual value of such consideration and the amount of the premiums and the sums subsequently paid by the transferee are exempt from taxation.

3) Jurisdiction is the reason why citizens must provide support to the State so the latter could continue to give protection. 4) Interest on government securities is not subject to income tax.

5) Income means all wealth, which flows into the taxpayer's hands excluding a mere return of capital.

6) Advance payment made by the lessee representing security deposit is taxable after the lease contract expires.

7) The amount received by the insured, as a return of premium paid by him under the life insurance, endowment, or annuity contracts, either during the term or at the maturity of the term mentioned in the contract or upon surrender of the contract shall be deducted from gross income.

8) If the amounts, when added to amounts received before the taxable year under such contract, exceed the aggregate premium paid, whether or not paid during the taxable year, then the excess shall likewise be excluded from gross income.

9) Participating dividends are treated as return of profit, and are, therefore, subject to income tax.

10) Income derived from investment, sale or otherwise from property received as gift shall be included in the gross income.