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Differentiate Business Taxes and Income Taxes Can Business Tax still covers transaction not in the ordinary course of trade or business? Explain. Is PPE disposed

  1. Differentiate Business Taxes and Income Taxes
  2. Can Business Tax still covers transaction not in the ordinary course of trade or business? Explain.
  3. Is PPE disposed subject to business tax? Explain.
  4. Can a transaction be subject to Business Tax and Income Tax? if yes, why there would be no double taxation?
  5. Site the characteristics of a taxpayer to be recognized as Marginal Income Earner.

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