One of the following is not a requisite for deduction of Premium Payments on Hospitalization and Insurance: A. The taxpayer must be an individual taxpayer B. The premium payment is for health and/or hospitalization insurance of the taxpayer a his family C. The taxpayer's family has a gross income of not more than P 250,000 for the taxable year D. The individual taxpayer is a pure compensation income earner

One of the following is not a requisite for deduction of Premium Payments on Hospitalization and Insurance: A. The taxpayer must be an individual taxpayer B. The premium payment is for health and/or hospitalization insurance of the taxpayer a his family C. The taxpayer's family has a gross income of not more than P 250,000 for the taxable year D. The individual taxpayer is a pure compensation income earner

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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In addition to the basic tax assessed on the taxpayer, the following civil penalties will also be collected: Surcharge Interest I only c. Both I and II Il only d. Neither I nor Il
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