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

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter5: Deductions For And From Agi
Section: Chapter Questions
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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
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