Which of the following income is subject to final tax if received by an individual taxpayer? I. Share of a partner in the net income of a business partnership. II. Cash divided received by a stockholder from a domestic corporation. III. Winnings in lotto.  IV. Raffle prizes amounting to PHP 6,000 Choices: I, II and III I, III and IV I, II, III and IV III and IV

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Which of the following income is subject to final tax if received by an individual taxpayer?

I. Share of a partner in the net income of a business partnership.

II. Cash divided received by a stockholder from a domestic corporation.

III. Winnings in lotto. 

IV. Raffle prizes amounting to PHP 6,000

Choices:

I, II and III

I, III and IV

I, II, III and IV

III and IV

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