It is a tax on a person's income, payments, profits arising from property, the practice of the profession, conduct of a trade or business or on the relevant items of gross income included in the Tax Code of 1997 (Tax Code), as amended, less the deductions if any, authorized for such types of income, by the Tax Code, as amended, or other special laws.
It is a tax on a person's income, payments, profits arising from property, the practice of the profession, conduct of a trade or business or on the relevant items of gross income included in the Tax Code of 1997 (Tax Code), as amended, less the deductions if any, authorized for such types of income, by the Tax Code, as amended, or other special laws.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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It is a tax on a person's income, payments, profits arising from property, the practice of the profession, conduct of a trade or business or on the relevant items of gross income included in the Tax Code of 1997 (Tax Code), as amended, less the deductions if any, authorized for such types of income, by the Tax Code, as amended, or other special laws.
a. Excise Tax
b. Personal Income Tax
c. Consumption Tax
d. Property Tax
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