1.) Passive incomes of resident citizen derived from abroad is a.subject to final tax b.Tax exempt c. Returnable 2.) Personal expenses of officer which are used in connection with the trade or business of the company ar considered taxable fringe benefits a. True b. False
1.) Passive incomes of resident citizen derived from abroad is a.subject to final tax b.Tax exempt c. Returnable 2.) Personal expenses of officer which are used in connection with the trade or business of the company ar considered taxable fringe benefits a. True b. False
Chapter2: Gross Income And Exclusions
Section: Chapter Questions
Problem 33MCQ
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Question
1.) Passive incomes of resident citizen derived from abroad is
a.subject to final tax
b.Tax exempt
c. Returnable
2.) Personal expenses of officer which are used in connection with the trade or business of the company ar considered taxable fringe benefits
a. True
b. False
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