A TEST BANK QA-PS QUESTIONS and answers PROBLEMS and solutions in TAXATION with the highlights of the TRAIN LAW: TAX REFORM FOR ACCELERATION AND INCLUSION Discussed succinetly before any set of elated questions and problems —_———_—_ VIRGILIO D. REYES = —_———————__ FOREWORD at do you na" i047 You wl ren, or be assured on ‘that you Aw now, fom he bk! at more must you now? You fd hem ines book! | -reating ony aust end ance, or fay rable and elution, wets tng bok fob mind of one who Ure hr oak a at he had IeSned ‘betes on te fap tet te sujet of to quan ‘bien. and perchance gv him Sidon trowege 2, or Boer ‘haertanang ot what hd stdin ble any cusses in te took were glvon in exainatons befor, snd ste papoose repos them et amaze he war ee bok on “de ‘iat wil be the sft of ay change i te tax rates (ncome tx tino, donors ts te} an the prime nd aon na bk reo ryt Theo vr som wero be cet wing {Somes io anv tt tox basse on wnch to op he urs ON {Ror Soes ne mse sto tox rts pean she mean ‘tamnton, lr won. may Be aplod ‘auesTioNs ANO SUGGESTIONS. Aha tage of yourrevew al you maka ue of hi a bank? (9 An eco ole er or esr on (0) Ae povarton tr pode ape toard or peta examination? {6 Towaesthe ond of he enw? his dong suggestes hatte ()..ntat way you enh profound,an became confit on, what you lead om 8 act 3 eng 50) o (6) and you at rab oanewer a uesion potion ‘teat bank you ray fea iadonete wi our knowlege sored ‘om lec or tom yout reng, Gans, te may ary be ‘mpeaves fo so your tn reset, ia he neon fr Tatton may be fsa. Tha aor indws tie om Deng © evlowar onthe eae Tae There wore amendments on the tax laws by the TRAIN (ax Reform for Accoloration and Inclusion) LAW. You ‘il nd the amendments Incorporated in hin Teet Bank 88 discussions proliminary tothe set of questions, prob toms, answers and solutions onthe tax affected by the amendment. EXPAND AND UPDATE YOUR KNOWLEDGE IN TAXATION! KNOW THE RULES. THAT ARE CURRENT WHEN YOU SIT FOR AN EXAMINATION. CONTENTS, iTRoDUCTION ‘BASIC PRINCIPLES OF TAXATION INCOME TAX “TAXPAYER IS AN INDIVIDUAL TAKPAYER IS A CORPORATION TAXPAYERS A PARTHERSHIP ‘TAXPAYERIB AN ESTATE OR CO-OWMERSHIP TAXPAYER IS AYJOINT VENTURE OR A TRUST ‘Gross cows DEDUCTIONS FROM GROSS INCOME 'SALE OR EXCHANGE OF ESET WASH SALE, MERGER AND CONSOLIDATION BUSINESS TAXES Documesarr Sa Tax ‘COMMUNITY TAK ‘TRANSFER TAXES oNom STAR MISCELLANEOUSnto to cea, Pr nd eon eon ' [BASIC PRINCIPLES OF TAXATION Writer tenets et cont? (2 TowamayBempesed rave ves prove denne 0 cen chen tain mesa (oT aaa over sone Cantando ck (9 beta ct owten,t can ying ey (@) The wovsonct atin ne Ppa Cnebton ae gre ox ‘wean onto cn ng ones (CPA exmnan guts) ‘Sher ) a sanantonio ton ‘rma ese (iio poised ne Phone tran rose geo ty on Be ou ota (Tn oe: (Fale aes (0 Te (rae te (hestedbeindelisamted ban Eraion ste) octane, Preto nd tone Tan 2 ts nonome fom We tee te dar Const, Unaerne Pipe Corts, on anak efuason nit Kens eampttom ncameto. ‘Soman 1 This aampen for te spe were edo Sinisanyaregous eerste ‘Soret The pany conn he tx ston ersurage i eaten ebsaons! msteces wi spose ses oer recon monaia (Grtmnviom Fan fae, (ores) Fee, to Itosiedercatesrriatn BAR orien 2sbon) anese, ‘apo oh nce te wsrnaan ten iad ne Be tol Reno cari tm tem ts» ertaten fr ae pean tan ot {te Smoutol no more counch ho worm aly cin ed ‘hetetowhehitehiensea en a Stl 1 8 lance wth domain br be een, ‘Sema 2 Sve wih scametson econ ies Fon ‘ame os prc oe proven’ ho Phppne Soson co oe Seabee ap nd any sd a a (Gram Wor "yf, ae elon fare Fate oe (Moatoderpandesroomate aAR Sarton gveston) anees, ne th charac nam ean iu ty Greimaaln rates {8 Poeate nore (PA Exaniaton uetin)