cli FN How much is the Donor's tax for donation to a brother-in-law? 2 points 1...

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cli FN How much is the Donor's tax for donation to a brother-in-law? 2 points 1 10% because the donee must be within the 4th consanguinity. 3 15% because this is the tax rate for this type of transaction 4 5 6 6% because he is within the 4th degree of consanguinity in the collateral line of the donor. 7 8 6% because the law does not qualify the donee anymore. 9 10 11 12 13 14 15 All intangible personal property located in the Philippines donated by an American alien are taxable. 1 point 16 17 18 Statement I. This statement is true because it is located in the Philippines 19 20 21 22 23 24 25 26 O Statement II. This statement is false because Filipinos are not taxable in America for the same items. Statement III. This statement is false because these are exempted in Philippines. Statement II and III are true. 27 28 None are true PE Cli Where to file the Donor's tax return? FN 1 point 1 2 With any Revenue District Office in the Philippines With the duly authorized Treasurer of the city/municipality at which the donee is domiciled at the time of transfer 3 4 5 With a bank in the city/municipality at which the donor is domiciled 7 With the Philippine Embassy in the case of nonresidents CO 8 9 10 11 12 13 14 When a creditor forgives the indebtedness of a debtor, this is automatically considered a donation and the donor should pay the donor's tax. 1 point 15 16 17 18 19 20 True because this is the will of the creditor False because the donee is the one burdened by the donor's tax as his part in the cancellation of debt 21 22 False because the donee must accept the donation first. True because the donation has been completed. cli FN How much is the Donor's tax for donation to a brother-in-law? 2 points 1 10% because the donee must be within the 4th consanguinity. 3 15% because this is the tax rate for this type of transaction 4 5 6 6% because he is within the 4th degree of consanguinity in the collateral line of the donor. 7 8 6% because the law does not qualify the donee anymore. 9 10 11 12 13 14 15 All intangible personal property located in the Philippines donated by an American alien are taxable. 1 point 16 17 18 Statement I. This statement is true because it is located in the Philippines 19 20 21 22 23 24 25 26 O Statement II. This statement is false because Filipinos are not taxable in America for the same items. Statement III. This statement is false because these are exempted in Philippines. Statement II and III are true. 27 28 None are true PE Cli Where to file the Donor's tax return? FN 1 point 1 2 With any Revenue District Office in the Philippines With the duly authorized Treasurer of the city/municipality at which the donee is domiciled at the time of transfer 3 4 5 With a bank in the city/municipality at which the donor is domiciled 7 With the Philippine Embassy in the case of nonresidents CO 8 9 10 11 12 13 14 When a creditor forgives the indebtedness of a debtor, this is automatically considered a donation and the donor should pay the donor's tax. 1 point 15 16 17 18 19 20 True because this is the will of the creditor False because the donee is the one burdened by the donor's tax as his part in the cancellation of debt 21 22 False because the donee must accept the donation first. True because the donation has been completed.