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Using the preceding number assuming that the

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6.Using the preceding number, assuming that the assessment has become final and collectible,but the corporation pays the tax assessment only on August 15, 2010, the total amount due(excluding compromise penalty) isA.P415,625C.P387,917B.P376,833D.P329,50043lOMoARcPSD|12166402
7.Individual self-employed taxpayers are required to file their Income Tax Returns:
8.The individual income tax return of a fixed earner (employee) is filed on or before
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B.April 15 of the following taxable year.C.May 15 of the current taxable yearD.May 15 of the following taxable year.9.A resident citizen taxpayer is allowed to pay his income tax due on installment basis if:
10.B was employed by A Corporation on the first working day of January 2008 on a part-timebasis with a salary of P10,000 a month. He then received his 13thmonth pay. In September2008 he accepted another part-time job from B Corporation from which he received a totalcompensation of P408,000 for the year 2008. The correct total taxes were withheld from bothearnings. With regard to the filing of income tax return (ITR) for the year 2008 which of thefollowing is true?A.B is exempt from filing his ITR because the correct total taxes have been withheld.B.B is not exempt from filing his ITR because his total compensation income for 2008came from more than one employer.C.B is exempt from filing his ITR because his total income for 2008 came from employer-employee relationship.D.B is not exempt from filing his ITR because his income came from employer-employeerelationship.

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Term
Fall
Professor
Ms. De Guzman
Tags
a Property, Jiwonnie Kim

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