this questions is complete. choose the correct answer. d. Not valid because only the President with the approval ofc Valid becauseit was Congress that passed the law and it did10. Statement 1: Symbiotic relation is the reason why the governmentwould impose taxes on the income of resident citizens derived fromsources outside the Philippines.Statement 2 Jurisdiction is the reason why citizens must providesupport to the state so the latter could continue to give protection.a. Only statement 1 is correctb. Only statement 2 is correctC. Both statements are correctd. Both statements are incorrect11. A law was passed by Congress which granted tax amnesty to thosewho have not paid income taxes for a certain year and at the samefime providing for the refund of taxes to those who have already paidthem. The law isa. Vald because there is a valid classification.b. Not valid because those who did not pay their taxes afavored over those who have paid their taxes.e Valid because it was Congress that passed the law andnot improperly delegate the power to tax.d. Not valid because only the President with the approvaCongress may grant amnesty.

Tax laws in Phillipines are progressive for individuals and…

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would in SOurces Stateme support

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter15: Taxing Business Income

Section: Chapter Questions

Problem 4RP

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Concept explainers

Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.

Question

this questions is complete. choose the correct answer.

d. Not valid because only the President with the approval of
c Valid becauseit was Congress that passed the law and it did
10. Statement 1: Symbiotic relation is the reason why the government
would impose taxes on the income of resident citizens derived from
sources outside the Philippines.
Statement 2 Jurisdiction is the reason why citizens must provide
support to the state so the latter could continue to give protection.
a. Only statement 1 is correct
b. Only statement 2 is correct
C. Both statements are correct
d. Both statements are incorrect
11. A law was passed by Congress which granted tax amnesty to those
who have not paid income taxes for a certain year and at the same
fime providing for the refund of taxes to those who have already paid
them. The law is
a. Vald because there is a valid classification.
b. Not valid because those who did not pay their taxes a
favored over those who have paid their taxes.
e Valid because it was Congress that passed the law and
not improperly delegate the power to tax.
d. Not valid because only the President with the approva
Congress may grant amnesty.

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