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FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Can you help me with this one, clear explanations so I can understand.

1. Situs Test: Identify the type of taxpayer for the following individual taxpayer:
1. An expatriate, working at China Cooperative Bank, an
Offshore Banking Unit which was established in China
but is located in the Makati City, Philippines
2. A Chinese Businessman, who is currently domiciled in
Pasay City for 6 months.
3. A Japanese exchange student who is living in Quezon
City as a student of UP Diliman. The Japanese is at his
sophomore year.
4. An Overseas Filipino Worker
5. A Filipino Seaman which is not abroad but is located on
foreign waters most of the time, despite being in a Filipino
vessel, SS Makisig
6. An Indian national who is currently living in New Delhi,
but is studying at University of the Philippines - Open
University, a campus of the UP System, which provides
distance learning options to international students.
Transcribed Image Text:1. Situs Test: Identify the type of taxpayer for the following individual taxpayer: 1. An expatriate, working at China Cooperative Bank, an Offshore Banking Unit which was established in China but is located in the Makati City, Philippines 2. A Chinese Businessman, who is currently domiciled in Pasay City for 6 months. 3. A Japanese exchange student who is living in Quezon City as a student of UP Diliman. The Japanese is at his sophomore year. 4. An Overseas Filipino Worker 5. A Filipino Seaman which is not abroad but is located on foreign waters most of the time, despite being in a Filipino vessel, SS Makisig 6. An Indian national who is currently living in New Delhi, but is studying at University of the Philippines - Open University, a campus of the UP System, which provides distance learning options to international students.
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