Which Of The Following Represent Retired Services?

Affiliate seven

2. Sources from which income is derived

I. Labor

II. The apply of capital letter

Three. Prophets derived from sale or commutation of capital assets

[ ] All of the above

1. Income for tax purposes

I. Ways all income from whatsoever sources legal or illegal

unless specifically excluded nether the tax lawmaking

II. Means all well which flows into the taxpayer other than

return of capital letter

III. Is recognized in the year it is really or constructively

received

IV. Refer to the amount of money coming to a person or

corporation within a specified time there as payment of

services interest or profits from investment

[ ] 1 2 three and 4

3.The sources from which income is derived

Labor TRUE

Gifts and inheritance FALSE

Use of capital True

4. Westwardhow-do-you-doch of the following is a characteristic of incogrande

Increase in taxpayers wealth Truthful

Realization of gain True

Return on taxpayers wealth TRUE

v. Which of the following is a requisite for an incomdue east to be

taxable

a) There must be a gain

b) The game must be realized or received

c) The game must be excluded by law from taxation

d) All of the above

half dozen. Which of the post-obit is non an income for income taxation

purposes

[ ] Souvenir received

7. Which of the following is not an income for income tax

purposes

Collection of loans receivable

8. Which of the following is not a characteristic of incochiliade

Render of taxpayers wealth

9. Which is not a valid definition of income

Income is a fund at 1 singled-out bespeak of timeast

ten. Which of the post-obit is considered or construed as an

example of constructive receipt

Deposits for rentals to answers for amercement restricted as to

united states of americadue east

11. Constructive receipt occurs when the coin consideration

and or its equivalent is placed of the control of the person who

render the service without restrictions by the payor. The

following are examples of constructive receipt except

Issuance by the debtor of a notice to kickoff any debt or

obligation and acceptance thereof past the seller as payment for

services rendered

12. In that location is a effective receipt of income when

A Payment is credited to payees account

B Payment is set aside for the pay or otherwise made available

and so the pay you may draw upon it at whatever time or so the pea

could withdraw at bean given without substantial limitations

Both a and b

13. When different types of income are subjected to common

tax rate the taxation organisation is described as

Terminal tax system

14. Situs of taxation on income from the sale of property

purchased

Place of saldue east

15. Which of the post-obit tests of source of income is incorrect

Interest income residence of the debtor

sixteen. Situs of taxation on income from sale shares of a domestic

corporation.

a. E'er treated every bit income derived from inside thursdaye Philippines

b. Always treated equally income derived from without the

Philippines

c. May exist treated as income within or without the Philippines

depending on the identify of sale

d. May be treated every bit income within or without the Philippines

depending where the shares are kept

17. Situs of taxation on income from sale shares of a foreign

corporation.

a. Always treated as income derived from within theastward Philippines

b. Always treated every bit income derived from without the

Philippines

C. May be treated as income inside or without the Philippines

depending on the place of auction

Which Of The Following Represent Retired Services?,

Source: https://www.studocu.com/ph/document/notre-dame-of-marbel-university/income-taxation-on-individuals/7-8-income-taxation-chapter-7-8-solman-with-questions/19180007

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