Which of the following income derived from within the Philippines by a resident individual is not subject to the rates in Section 24(a) of the NIRC?  a. Salary received by a managing director of a general professional partnership. b. A passive income in the form of a prize win in a raffle amounting to P4,000.00. c. A gain from sale of his personal motor vehicle as another income of a taxpayer who is a compensation earner.

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
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Chapter6: Deductions And Losses: In General
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Which of the following income derived from within the Philippines by a resident individual is not subject to the rates in Section 24(a) of the NIRC? 

a. Salary received by a managing director of a general professional partnership.

b. A passive income in the form of a prize win in a raffle amounting to P4,000.00.

c. A gain from sale of his personal motor vehicle as another income of a taxpayer who is a compensation earner.

d. A gain on sale of a real property for private use of the family of the taxpayer.

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