In which of the following should additional exemption

55. In which of the following should additional exemption not be allowed to the taxpayer?
A. An alien, whose dependent child is living with him in the Phil.
B. A resident citizen, who has 25 years old mentally retarded son
C. A resident citizen, who has a 50 years old mother as his dependent
D. a resident alien with an illegitimate child, 7 years old
.
CORPORATION
1. For income taxation purposes, the term “corporation ” excludes one of the following :
2. Which of the following is subject to the corporate income tax?
3. A corporation organized and created under the laws of a foreign country and is authorized to
do business/ trade in the Phil. is:
4. One of the general principles of income taxation:
A. A foreign corporation engaged in business in the Phil. is taxable on all income
derived from sources within and without the Phil.
B. A foreign corporation engaged in business in the Phil. is taxable on all income
derived from sources within the Phil. only.
C. A domestic corporation is taxable on income derived from sources within the Phil. only.
D. A domestic corporation is taxable on income derived from sources without the Phil. only.
5. One of the following doesn’t fall under the definition of a “corporation” for income tax
purpose:
6. Which of the following is classified as Special Corporation subject to preferential corporate
income tax rate?

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