TOPICAL QUIZZER: COMMUNITY TAX

1. An individual, single, had the following data in 2010: c. Identification card

Salaries P 115,300 d. License
Sales in Trading Business:
8. Elorde, a famous boxer, intends to convert his
Gross Sales:
boxing gymnasium into a cockpit arena. Elorde
Cash Sales 300,000
summons you to give him advise to go over hsi tax
Open Account 200,000
exposures, as a certified public accountant, you will
Sales Returns 4,000
recommend to Mr. Elorde which of the following
Collections on Open Account Sales 100,400
reference/document?
Cash received as income from property:
a. National Internal Revenue Code
Dividend Income 8,000 b. Revenue Regulations of the NIRC
Interest on bank deposit 3,300 c. Local Government Code
Rentals from Property: d. Tariff and Customs Code
Cash received 120,500
Receivable 5,200 9. Your client, Mr. Aegis a local trader, inquired what
How much is the additional community tax for 2011? laws will have most relevance in his daily
a. P 635 c. P 680 transactions. Having several laws to take into
b. P 675 d. P 640 consideration which laws do you recommend for Mr.
Aegis to read?
2. Maximum additional community tax payable by an a. National Internal Revenue Code
b. Revenue Regulations of the NIRC
individual and a corporation:
c. Local Government Code
Individual Corporation d. Tariff and Customs Code
a. P 5,000 P 10,000
b. P 5,005 P 10,005 10. Who make the revenue regulations?
c. P 5,005 P 10,200 a. Secretary of Finance
d. P 5,005 P 10,500 b. Commissioner of the Bureau of Internal
Revenue
3. Payment of community tax is required on inhabitants c. Board of Accountancy
d. House Representatives
of the Philippines whose age is at least
a. 15 c. 21 11. The following individuals are liable to pay community
b. 18 d. Anytime needed, tax, except:
regardless of age a. Every inhabitant of the Philippines who is at
4. For the given year 2015, the following information least 18 years old.
from business: b. Anybody who has worked in the Phils. for at
Gross Receipt from business P 900,000 least 30 consecutive days.
Rental Income 650,000 c. Anybody who is engaged in business or practice
Operating Expenses 400,000 of profession.
Real Properties 17,000,000 d. Owners of real property with assessed value of
Compute the individual community tax.
P10,000 or more.
a. P 1,555
b. P 1,155
12. The community tax for individual is basic tax of
c. P 5,200
d. P 5,005 P5.00 plus:
a. P1.00 for every P1,000 gross sales
5. Compute corporate community tax. b. P1.00 for every P1,000 gross receipts
a. P 7,920 c. P1.00 for every P1,000 net income
b. P 7,560 d. P1.00 for every P1,000 gross income
c. P 1,120
d. P 10,500 13. The following entities or association are liable to pay
community tax, except:
6. Who has the authority to collect community tax? a. All domestic corporations
a. Bureau of Internal Revenue b. All foreign corporations engaged in
b. Local Government Unit business in the Philippines.
c. Bureau of Customs c. All partnerships for profit.
d. National Treasury d. All joint ventures engaged in energy
7. What is the characteristics of the community tax? operations with the Philippine
a. Tax Government.
b. Fee
TOPICAL QUIZZER: COMMUNITY TAX

14. The community tax for corporations is P500 plus:

a. P2.00 for every P5,000 worth of real and
personal property.
b. P2.00 for every P5,000 gross receipts or
earnings in Phils.
c. P2.00 for every P5,000 gross sales in
Phils.
d. P2.00 for every P5,000 net income in
Phils.
15. Community tax is due
a. Before the last day of January
b. Before the last day of February
c. Before the last day of March
d. Before the last day of April