True or False. _____ 1. All persons who derived income in the Philippines should pay income tax. _____ 2. Married persons may file only one consolidated return to cover the income of both spouses. _____ 3. A surcharge of 20% and interest of 25% per annum shall be imposed on taxpayer who filed late his income tax return. _____ 4. Corporations in process of liquidation or under receivership must file income tax returns. _____ 5. A taxpayer who does not receive notice of assessment from the BIR is not liable to pay the deficiency if any. _____ 6. When the taxpayer failed to file his income tax return, the prescriptive period for assessment is three (3) years from omission. _____ 7. A tax lien is a divestiture of property without compensation. _____ 8. A taxpayer may appeal the decision of the Commissioner of Customs involving custom duties or fees cases if he is not satisfied. _____ 9. The hybrid method of accounting is not recognized by the Tax Code and the BIR Regulations since it is a cross-bred between cash and accrual basis. _____ 10. The books and records are subject to examination only once a taxable year by internal