d. The place where the deed of sale of real property was notarized 18. Statement 1: If an income is already subjected to creditable withholding tax, it is no longer reported as part of gross income subject to regular income tax Statement 2: If an income is already subjected to final withholding tax, it is reported as part of gross income at an amount net of the amount of tax withheld a. Only statement 1 is true b. Only statement 2 is true C. Both statements are true Both statements are not true d. 19. Assuming the taxpayer follows the calendar year, the deadline for the filing of the second quarter Quarterly Remittance Return of Creditable Income Taxes Withheld (BIR Form No. 1601EQ) is: a. June 30 b. July 15 c. July 31 d. August 15 20. Interest income of resident citizens from short-term currency bank deposits is subject to a final withholding tax rate of 20%. As a result, a. Such interest income need not be declared as part of the gross income of the resident citizen taxpayer in his/her annual income tax return b. Such interest income should still be declared as part of the gross income of the resident citizen taxpayer in his/her annual income tax return, but in an amount net of the withholding tax c. Such interest income should still be declared as part of the gross income of the resident citizen taxpayer in his/her annual income tax return, but in an amount gross of the withholding tax d. Such interest income should still be declared as part of the gross income of the resident citizen taxpayer in his/her annual income tax return, but in an amount gross of the withholding tax, without a claim of income tax credit 21. Final withholding tax is: a. An approximation of the income tax due b. Deductible against gross income to compute for the taxable income c. The full and final payment of income tax due d. Creditable against income tax due to compute for the income tax payable 22. This is an attachment to the quarterly remittance returns which lists the name of income payees, their TINs, the amount of income paid segregated per month, and the total amount of taxes withheld, if any. a. Withholding Alphabetical List of Payees (WAP) b. Statutory Alphabetical Lis of Payees (SAP) c. Required Alphabetical List of Payees (RAP) d. Quarterly Alphabetical List of Payees (QAP) 23. When is the deadline for the filing of the ANNUAL Information Return on Income Taxes Withheld on Compensation (BIR Form No. 1604-C)? a. January 15 of the following year b. January 31 of the following year c. February 28/29 of the following year d. April 15 of the following year 24. Statement 1: In filing the BIR Form No. 1604 E, remittance will be simultaneously made by the withholding agent of the withholding taxes so declared Statement 2: In case of termination of employment, a Certificate of Creditable Tax Withheld at Source (BOR Form No. 2307) must be issued to the employee on the same day the last payment of wages is made. a. Only statement 1 is true b. Only statement 2 is true