Which statement is wrong? Tax laws a. Must originate from the House of Representatives and on which
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Question:
- Which statement is wrong? Tax laws
a.
Must originate from the House of Representatives and on which same bill the Senate may propose amendments
b.
May originate from the Senate and on which same bill the House of Representatives may propose amendments
c.
May have a House version and Senate version approved separately
d.
May be recommended by the President to Congress
Business income, Philippines
P600,000
Business income, United States
500,000
Winnings in lotto PCSO
Dividends from PLDT
Expenses, Philippines
40,00050,000
400,000
Expenses, United States
450,000
Interest on deposit with Metrobank
6,000
Interest on deposit in U.S. ($1 = P50)
$1,000
Cash prize won in a local contest
P12,000
Cash prize won in a contest in U.S.
20,000
Winnings in lotto in U.S.
100,000
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