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XTAXREV

Name:____________________________,CPA2019 Date:____________________________
Section:___________________________ INDIVIDUAL TAXPAYERS
1. Harry, a French citizen permanently residing in the Philippines, received several items during the taxable year.
Which among the following is NOT subject to Philippine income taxation?
a. Consultancy fees received for designing a computer program and installing the same in the Shanghai
facility of a Chinese firm
b. Interests from his deposits in a local bank of foreign currency earned abroad converted to Philippine
pesos
c. Dividends received from an American corporation which derived 60% of its annual gross receipts from
Philippine sources for the past 7 years
d. Gains derived from the sale of his condominium unit located in The Fort, Taguig City to another resident
alien
2. Ron, a Frenchman, arrived in the Philippines on January 1, 2018 and continued to live and engage in business in
the Philippines. He went on a tour of Southeast Asia from August 1 to November 5, 2018. He returned to the
Philippines on November 6, 2018 and stayed until April 15, 2019 when he returned to France. He earned during
his stay in the Philippines a gross income of P3 million from his investments in the country. For the year 2018,
Ron’s taxable status is that of
a. A non-resident alien not engaged in trade or business in the Philippines
b. A non-resident alien engaged in trade or business in the Philippines
c. A resident alien not engaged in trade or business in the Philippines
d. A resident alien engaged in trade or business in the Philippines
3. Which of the following is not correct? A non-resident citizen means, a citizen of the Philippines
a. Who establishes to the satisfaction of the CIR the fact of his physical presence abroad with a definite
intention to reside therein
b. Who leaves the Philippines during the taxable year to reside abroad, either as an immigrant or for
employment on a permanent basis
c. Who works and derives income from abroad and whose employment thereat requires him to be
physically present abroad most of the time during the taxable year
d. Who has been previously considered as non-resident citizen and who arrives in the Philippines at any
time during the taxable year to reside permanently in the Philippines with respect to his income derived
from sources abroad for the taxable year
4. Which of the following statements is not correct?
a. An individual citizen of the Philippines who is working and deriving income from abroad as an overseas
contract worker is taxable on income from sources within the Philippines
b. A seaman who is a citizen of the Philippines and who received compensation for services rendered
abroad as a member of the complement of a vessel engaged exclusively in international trade shall be
treated as a non-resident citizen
c. A non-resident citizen who is not engaged in business in the Philippines is treated as a non-resident alien
who is not engaged in business in the Philippines
d. An alien individual, whether a resident or not of the Philippines, is taxable only on income derived from
sources within the Philippines
5. A citizen of the Philippines who works and derived income from abroad is a resident citizen if he stayed outside
the Philippines
a. For less than 180 days b. For more than 180 days c. For 183 days or more d. For less than 183 days
6. A citizen of a foreign country is considered a non-resident alien engaged in business in the Philippines if he
stayed inside the Philippines
a. For 183 days or more b. For less than 183 days c. For more than 180 days d. For less than 180
days
7. A resident citizen is taxable on all income derived from sources
a. Within the Philippines only b. Without the Philippines only c. Partly within and partly without d. Within and
without the Philippines
8. A non-resident citizen is taxable on all income derived from sources
a. Within the Philippines b. Without the Philippines c. Partly within and partly without d. Within and
without the Philippines
9. A resident alien is taxable on all income derived from sources
a. Within the Philippines b. Without the Philippines c. Partly within and partly without d.
Within and without the Philippines
10. A non-resident alien is taxable on all income derived from sources
a. Within the Philippines b. Without the Philippines c. Partly within and partly without d.
Within and without the Philippines

/etd
11. A citizen of the Philippines who works abroad and whose employment requires him to be physically present
abroad most of the time during the taxable year is
a. Taxable on income within and without the Philippines
b. Taxable on income from without the Philippines
c. Exempt from income tax
d. Taxable on income from within the Philippines
12. A non-resident alien is deemed doing business in the Philippines if he
a. Is an individual whose residence is within the Philippines
b. Is an individual whose father or mother is an alien who is engaged in business in the Philippines
c. Is an individual who is naturalized in accordance with law
d. Shall come to the Philippines and stay therein for an aggregate period of more than 180 days during a
calendar year

13-16 Albus, married, had the following data for the taxable year:
Gross income, Philippines P 400,000
Gross income, USA P 300,000
Expenses, Philippines P 200,000
Expenses, USA P 150,000
13. If the taxpayer is a resident citizen, married, his taxable income is
a. P309,000 b. P318,000 c. P350,000 d. P300,000
14. If the taxpayer is a non-resident citizen, married, his taxable income is
a. P300,000 b. P159,000 c. P150,000 d. P200,000
15. If the taxpayer is a resident alien, married, his taxable income is
a. P300,000 b. P159,000 c. P150,000 d. P200,000
16. If the taxpayer is a non-resident alien not engaged in business in the Philippines married his taxable income is
a. P370,000 b. P170,000 c. P200,000 d. P400,000
17. A resident citizen, single with 4 qualified dependent illegitimate children had the following during the calendar
year:
Gross compensation income 250,000
Expenses related to his employment 120,000
SSS premium contributions 3,600
Philhealth contributions 2,400
Pag-ibig contributions 2,000
Union dues 1,000
Premiums on health insurance 4,000

The taxable income before personal and additional exemption is


a. P237,000 b. P241,000 c. P238,600 d. P117,000
18. The Tax Reform Act of 1997 is
a. RA 9337 b. RA 8424 c. RA 9504 d. RA 466
19. Using the preceding number, it took effect on
a. January 1, 1997 b. December 11, 1997 c. January 1, 1998 d. July 6, 2008
20. The Tax Reform Act of 1997 was partly amended by (latest)
a. RA 9337 b. RA 8424 c. RA 9504 d. RA 7506
21. The Tax Reform for acceleration and inclusion (TRAIN) is
a. RA9337 b. RA 10963 c. RA10936 d. RA8424
22. LJ, married, left the Philippines in the middle of the year on July 1, 2018 to go abroad and work there for five (5)
years. The following data were provided as of December 31, 2018.
Gross Business Income Business Expenses
PERIOD Phils. Abroad Phils. Abroad
Jan.1 to June 30 P300,000 P200,000 P100,000 P50,000
July 1 to Dec. 31 600,000 400,000 150,000 50,000

His taxable income is:


a. P800,000 c. P1,100,000
b. P950,000 d. P600,000

23. Based on the above problem, but assuming he arrived from abroad on July 1, 2018 to permanently resettle I the
Philippines, after working abroad for 5 years, his taxable income as of December 31, 2018 is:
a. P750,000 c. P1,100,000
b. P1,000,000 d. P600,000

/etd
24. If he did not leave Philippines at all, LJ’s taxable income is:
a. P750,000 c. P1,150,000
b. P950,000 d. P600,000

Carlo, married, with two dependent children, received the following income:
Rent, Philippines P1,000,000
Rent, Hongkong 200,000
Interest, peso deposit, MBTC 100,000
Interest US$ deposit, BDO ($10,000 x P42) 420,000
Interest deposit, Hongkong (HK$10,000 x P5) 50,000
Prize (cash) won in a local contest 8,000
Prize (TV) won in a local lottery 50,000
PCSO/Lotto winnings 2,000,000
Prize won in contest in U. S. 300,000
Lotto winning in U. S. 100,000
Dividend, domestic co. 600,000

25. Assuming the taxable year is 2018, determine the taxable net income assuming he is:
RC NRC RA NRA-ETB

26. Assuming the taxable year is 2018, determine the total final tax assuming he is:
RC NRC RA NRA-ET

Ana, a self-employed resident citizen provided the following data for 2018 taxable year:
Sales P2,800,000
Cost of sales 1,125,000
Business expenses 650,000
Interest income from peso bank deposit 80,000
Interest income from bank deposit under FCDS 120,000
Gain on direct sale to buyer of shares of stock of a domestic
corporation held as capital asset 150,000
Gain on sale of land in the Philippines held as capital asset
With cost of P1,500,000 when the zonal value is P1,200,000 500,000

27. How much is the total income tax expense of Ana for the year?

28. How much is the total income tax of Ana assuming she opted to be taxed at 8%?

29. Assuming Ana is a vat-registered taxpayer, how much is her total income tax expense assuming she opted to be
taxed at 8% income tax rate?

30. Using the same data except that her gross sales for the year was P3,800,000, how much is her total income tax
expense assuming she opted to be taxed 8% income tax rate?

Ana is a mixed income earner. She is a self-employed resident citizen and current the Finance manager of Omega
Corporation. The following data were provided for 2018 taxable year:
Compensation P1,800,000
Sales 2,800,000
Cost of sales 1,125,000
Business Expenses 650,000
Interest income from peso bank deposit 80,000
Interest income from bank deposit under FCDS 120,000
Gain on direct sale to buyer of shares of stock of a domestic
corporation held as capital asset 150,000
Gain on sale of land in the Philippines held as capital
asset with cost of P1,500,000 when zonal value is P1,200,000 150,000

/etd
31. How much is her total income tax expense assuming she opted to be taxed at 8%?
In 2018, Pedro signified his intention to be taxed at 8% income tax rate on gross sales in his 1 st quarter income tax
return.
32. His gross sales during the year exceeded the vat threshold of P3M as follows:

Q1 Q2 Q3 Q4/Annual
(8% tax) (8% tax) (8% tax) (Graduated)
Sales P500,000 P500,000 P2,000,000 P3,000,000
Cost of sale (300,000) (300,000) (1,200,000) (1,200,000)
Gross income 200,000 200,000 800,000 1,800,000
Operating expenses (120,000) (120,000) (480,000) (720,000)
Net taxable income P80,000 P80,000 P320,000 P1,080,000

How much is Pedro’s annual income tax payable?

33. The following are the requirement for substituted filling of income tax return, except
a. He had one employer only
b. His income was purely compensation income
c. Income tax withheld by the employer is correct.
d. He had consecutively field his income tax return for the past five years.

34. Pedro’s income tax due for the year amounted to P80,000. He may elect to pay tge tax due on installment as
follows:
a. In two equal installements
b. 1st installment is payable upon filling the annual income tax return
c. 2nd installment is payab;e on or before October 15 following the close of the calendar year
d. All of the above

/etd