Which of the following income derived from within the Philippines by a resident individual is not subject to the rates in Section 24(A) of the NIRC? Which of the following income derived from within the Philippines by a resident individual is not subject to the rates in Section 24(A) of the NIRC? a. A gain from sale of a motor vehicle as another income of a taxpayer who is a compensation income earner b. A passive income in the form of prize won in a raffle amounting to PHP 4,000 c. Salary received by a managing partner of a general professional partnership d. A gain on sale of a real property for private use of the family of the taxpayer
Which of the following income derived from within the Philippines by a resident individual is not subject to the rates in Section 24(A) of the NIRC? Which of the following income derived from within the Philippines by a resident individual is not subject to the rates in Section 24(A) of the NIRC? a. A gain from sale of a motor vehicle as another income of a taxpayer who is a compensation income earner b. A passive income in the form of prize won in a raffle amounting to PHP 4,000 c. Salary received by a managing partner of a general professional partnership d. A gain on sale of a real property for private use of the family of the taxpayer
Chapter2: Gross Income And Exclusions
Section: Chapter Questions
Problem 1MCQ: The definition of gross income in the tax law is: All items specifically listed as income in the tax...
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Which of the following income derived from within the Philippines by a resident individual is not subject to the rates in Section 24(A) of the NIRC?
Which of the following income derived from within the Philippines by a resident individual is not subject to the rates in Section 24(A) of the NIRC?
a. A gain from sale of a motor vehicle as another income of a taxpayer who is a compensation income earner
b. A passive income in the form of prize won in a raffle amounting to PHP 4,000
c. Salary received by a managing partner of a general professional
d. A gain on sale of a real property for private use of the family of the taxpayer
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