Individual taxpayers are subject to the following income tax: I. Basic tax in graduated tax table (progressive – Sec. 24A) II. Final withholding tax on passive income derived from sources within the Philippines III. Capital gains tax IV. Stock transaction tax of 6/10 of 1% of gross selling price. I, II, and III only I and II only All of the above I and III only

Individual taxpayers are subject to the following income tax: I. Basic tax in graduated tax table (progressive – Sec. 24A) II. Final withholding tax on passive income derived from sources within the Philippines III. Capital gains tax IV. Stock transaction tax of 6/10 of 1% of gross selling price. I, II, and III only I and II only All of the above I and III only

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter3: Taxes On The Financial Statements

Section: Chapter Questions

Problem 36P

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