21. Before the passage of CREATE Law, which entity is not subject to improperly accumulated earnings tax  a. Educational Institution b. Business Partnership c. Close Corporation d. Mining Corporation

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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21. Before the passage of CREATE Law, which entity is not subject to improperly accumulated earnings tax 

a. Educational Institution

b. Business Partnership

c. Close Corporation

d. Mining Corporation

 

22. Which of the following is not exempt from withholding tax on compensation?

a. Payment or damages

b. Remuneration for domestic services

c. Overtime pay

d. Retirement benefits received under RA 7641

 

 

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