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SCORE:
4. Which of the following taxpayer whose personal exemption is subject to the law
on reciprocity under the tax code?
a. Non-resident citizen, with respect to his income derived from outside the
Philippines.
b. Non-resident alien who shall come to the Philippines and stay herein for an
aggregate period of more than 180 days during any calendar year.
c. Resident alien deriving income from a foreign country.
d. Non-resident alien not engaged in trade or business in the Philippines whose
country allows personal exemption to Filipinos who are not residing but are deriving
income from said country.
5. The personal exemption of the non-resident alien engaged in trade or business in
the Philippines is equal to that allowed by: (RPCPA)
a. The income tax law of his country to a resident citizen of the Philippines not
residing there:
b. The income tax law of his country to a citizen of the Philippines not residing there
or the amount provided by the NIRC to a citizen or resident, whichever is lower;
c. The National Internal Revenue Code to a citizen or resident:
d. The income tax law of his country allows to a citizen of the Philippines not
residing there or the amount provided by the NIRC to a citizen or resident alien,
whichever is higher.
6. The taxpayer is a married non-resident alien engaged in business in the
Philippines with two qualified dependent children. His country gives a non-resident
Filipino with income there from a basic personal exemption (if married) of P20,000
and additional exemption of P4,000. He is entitled to a personal exemption of
(RPCPA)
a. P28,000
b. 26,000
c. 24,000
d. 20,000
7. The following except one, may claim personal exemptions (RPCPA)
a. Non-resident alien not engaged in trade or business in the Philippines.
d. The wife
13. The husband can waive his right to claim the additional exemption in favour of
his wife if
a. he is a non-resident citizen whose income is purely without the Philippines
b. he has no income of his own
c. he is a compensation income earner in the Philippines
d. his income is purely subject to final withholding tax
14. Who among the following qualifies as dependent for purposes of additional
exemption?
a. sister-in-law
b. Stepmother
c. Grandfather
d. illegitimate daughter
15. Nena aged 70 years old, who lives with her unmarried son Mario, received
P60,000 which was used for her support during the year. The sources of support
were as follows:
Social Security benefits
Mario
Caroline, an unrelated friend
P24,000
20,000
4,000
5,000
7,000
Total
60,000
17. Mr. Maasikaso, single, has the following dependents who are living with and
entirely dependent upon him for chief support:
Andrea, child with his ex-girlfriend.
Barbara, legitimate child of his sister, legally adopted by Mr. Maasikaso.
Caridad, mother, 85 years old, widow, bedridden.
Donata, godmother, 80 years old
Mr. Maasikaso can claim additional personal exemption on
a. Andrea only
b. Andrea and Barbara
c. Andrea, Barbara and Caridad
d. Andrea, Barbara, Caridad and Donata
18. The additional personal exemption on every qualified dependent child isa. P 8,000
b. 32,000
c. P 25,000
d. 50,000
19. Remy Martin, single supporting the following:
I. Johnny Walker, illegitimate son, 6 years old, studying in the Universidad de Jeres,
Cadiz, Spain living with Remy Martins diplomat brother in Andalucia Spain.
II. Torres, father, living with him, Remy Martin is giving 60% of the entire support
needed; the other 40% is being furnished by his sister. Chivas Regal.
Remy Martin can claim a total exemption of
a. 20,000
b. 75,000
c. 50,000
d. 41,000
20. Taxpayers are husband and wife. The gross compensation income of the wife is
P26,000 while the gross business income of the husband is P200,000. They have six
(6) qualified dependent children but within the year one child died. Their total
exemptions is (RPCPA)
a. P 200,000
b. 96,000
c. P 64,000
d. None
21. Elizas husband died in April, 2011 leaving seven (7) unmarried children living
with and wholly dependent on Eliza for support. The ages of the children are as
follows:
CHILDREN
AGES
STATUS
24
Jobless
22
Mentally retarded
19
Studying in Manila
10
For purposes of taxable year 2011, how much exemption would Eliza be entitled to?
(RPCPA)
a. P 150,000
b. 57,000
c. P 64,000
d. 73,000
d. A gain on sale of a real property for private use of the family of the taxpayer.
27. Which of the following income is subject to final tax if received by an individual
taxpayer?
I. Share of a partner in the net income of a business partnership.
II. Cash dividend received by a stockholder from a domestic corporation.
III. Winnings in lotto.
IV. Raffle prizes amounting to P 6,000
a. I and II
b. III and IV
c. I, II and IV
d. I, II, III and IV
28. Which of the following is not a requisite for deductibility of health insurance?
a. The total family income is not more than P 250,000
b. The maximum amount of premium deductible during the year is P 2,400 per
family or P 200 a month.
c. In the case of married individual, the spouse claiming the additional exemption
shall be entitled to claim the insurance premiums paid.
d. The taxpayer must be a head of family.
29. Statement 1: Health and/ or hospitalization insurance premiums paid by an
individual are deductible only if the taxpayer is a pure compensation income earner.
Statement 2: A taxpayer who has paid a monthly health insurance premiums of P
400 for six months in a year can claim a total deductible amount of P 2,400
a. True, False
b. True, True
c. False, True
d. False, False
30. Maliksi, single, supporting his 58-year old mother, is a business income earner.
During the year, his net income was P 150,000. He also paid a total premium of P
3,000 to an insurance company for his health insurance. How much is his taxable
income?
a. P 97,600
b. 97,000
c. P 122,000
d. 122,600
31. All of the following, except one, are taxable on income within only:
a. Resident alien
b. Non-resident citizen
c. Resident citizen
d. Non-resident alien