Please help me with my assignment. Thank you. I attached here the discussions. Please remove "?". https://?drive.google.com/file/d/1HE9s8jfCMFl4jNyvymZovyzVGuqdsox8/view?usp=drivesdk and https://drive.google.com/file/d/1HIc4UNYtTcL2XHNv2ZNB4CciEOrzDG58/view?usp=drivesdk
Discussion 1. Discuss the difference between land reform and agrarian reform. 2. Cite at least two examples of support services and explain its effects on the lives of its beneficiaries. TRUE OR FALSE Instruction: Write TRUE if the statement is correct or FALSE if otherwise. 1. Taxation is the strongest among the inherent powers of the State and considered as an absolute power. 2. The system of taxation must be vague and burdensome to both the taxpayer and the government. 3. The elements of direct double taxation are: two taxes, same subject matter, same year, same taxing authority and same amount. 4. Value-added tax is a direct tax. 5 . The principle of necessity and the duty to support the state serve as the basis of taxation. 6. A fundamental rule in taxation is that the property of one country may not be taxed by another country is known as reciprocity. 7. The husband may waive his right in favor of his wife for the additional exemption by not deducting in his return the allowable amount. 8. Taxation is considered as the lifeblood of the government and every government unit must exercise this power. 9. A taxpayer who supports the parents and younger sister of her husband is classified as head of the family. 10 Under the ability to pay theory, taxes are imposed based on the ability of the taxpayer to pay and the government shall extend protection favoring those who pay more taxes. PROBLEM SOLVING Myko Langot is a project engineer in a private company. He receives P35,000 as his monthly gross salary. His allowable monthly deductions are: SSS-P1,500; Pag-IBIG-P200; PhilHealth-P100; and Union dues- P50. Required: Solve the annual tax due of Engr. Langot and find out if there is an overpayment or tax payable for the taxable year using both the 1997 Tax Code and the TRAIN Law under the following classifications: 1. Single (the company deducted withholding tax of P79,340) 2. Head of the family, with one qualified dependent child (the company withheld an income tax of P70,000) 3. Married with dependents as follows: a.) Ronelo, illegitimate child; 17 years old b.) Irving, legitimate child; 28 years old, unemployed c.) Katlea, mentally incapacitated child, 24 years old d.) Helena, adopted child, 18 years old e.) Roy, unacknowledged illegitimate child, 14 years old f.) Armel, 32 years old, paralytic brother. The company deducted P57,000 as withholding tax on income