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FILLING OF RETURNS, PAYMENT OF INCOME TAX, AND WITHHOLDING TAXES Explain what is asked for each item. (4 items x 10 points) 1. Determine the

FILLING OF RETURNS, PAYMENT OF INCOME TAX, AND WITHHOLDING TAXES Explain what is asked for each item. (4 items x 10 points) 1. Determine the income tax returns required to be filed by law. 2. Identify the people liable in filling income tax returns. 3. Discuss withholding tax. 4. Distinguish withholding of final tax on certain incomes from withholding of creditable tax at source

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