EXERCISE 17-1. TRUE OR FALSE QUESTIONS 1. All income taxpayers are required to file income tax returns. 2. Pure compensation income eamers are generally not required anymore to file income tax returns. 3. Pure compensation income earners whose incomes are classified as purely income without are still required to file income tax return. 4. Spouses are required to file a joint return but the tax on their respective income is computed separately. 5. An employee who is a resident of Legaspi City but employed in Naga City shall be required to pay income tax on his salary in Naga City. 6. A Statement of Assets, Liabilities and Networth (SALN) is required to be attached to the income tax return of the taxpayer if the quarterly gross receipts do not exceed P50,000. 7. A taxpayer under substituted filing system is not required to file a tax return but must submit duly accomplished BIR Form 2316 to the Bureau of Internal Revenue. 8. A taxpayer must keep his books of accounts and other accounting records for a period longer than three years in case he receives an assessment notice from the Bureau of Internal Revenue. 9. Sellers of pirated DVD films are required to file income tax retum. 10. Sellers of pirated DVD films are required to issue commercial invoices to their customers. 11. Itinerant vendors of "taho" are required to issue commercial invoices to their customers. 12. The headings of commercial invoices should reflect whether the seller is subject to value-added tax or not. 13. Businessmen cannot just print their commercial invoices without authority from the Bureau of Internal Revenue. 14. Certified Public Accountants, lawyers, physicians and other professionals are required to issue receipts to their clients. 15. Chinese businessmen in Binondo may be allowed to use Chinese characters in their books of accounts and others accounting records which may only be examined by filipino-chinese BIR examiners.