Kathleya, a Scottish Descent from Scotland, United Kingdom, went to the Philippines for a short lecture series wherein she lectured about how to speak in the British accent, as well as to teach international tax, to accounting students in the University of the Philippines Diliman. The lecture series lasted for four weeks. The following details pertain to the lecture series: Professional Fees for the Lecture Series, 80,000 per week: 320,000 Income from her sale of books and merchandise: 140,000 Travel Expenses, with substantiation (receipt): 120,000 Food and Accommodation: 100,000 Based on the foregoing, Kathleya is liable at: Select the correct response: A. The 8% Gross Income Tax Rate B. The regular graduated tax rate C The 25% Final Tax Rate D. None. She is exempt.
Kathleya, a Scottish Descent from Scotland, United Kingdom, went to the Philippines for a short lecture series wherein she lectured about how to speak in the British accent, as well as to teach international tax, to accounting students in the University of the Philippines Diliman. The lecture series lasted for four weeks. The following details pertain to the lecture series: Professional Fees for the Lecture Series, 80,000 per week: 320,000 Income from her sale of books and merchandise: 140,000 Travel Expenses, with substantiation (receipt): 120,000 Food and Accommodation: 100,000 Based on the foregoing, Kathleya is liable at: Select the correct response: A. The 8% Gross Income Tax Rate B. The regular graduated tax rate C The 25% Final Tax Rate D. None. She is exempt.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Kathleya, a Scottish Descent from Scotland, United Kingdom, went to the Philippines for a short lecture series wherein she lectured about how to speak in the British accent, as well as to teach international tax, to accounting students in the University of the Philippines Diliman. The lecture series lasted for four weeks. The following details pertain to the lecture series:
Professional Fees for the Lecture Series, 80,000 per week: 320,000 Income from her sale of books and
merchandise: 140,000 Travel Expenses, with substantiation (receipt): 120,000 Food and Accommodation: 100,000
Based on the foregoing, Kathleya is liable at:
Select the correct response:
A. The 8% Gross Income Tax Rate
B. The regular graduated tax rate
C The 25% Final Tax Rate
D. None. She is exempt.
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