Case Study

CHAPTER 6 DONORS TAX line 6-1 1. infatuated there is no consideration in bounty. 1. incorrect during the lifetime of the presenter. 1. sure 1. ill-advised It is trade that the duly representative of the disable donee to receive the donation. 1. True 1. wild Real property donation must be enclothe in writing heedless of value. 1. True 1. counterfeit The value of donated ad hominem property must spend P5, 000. 1. True 1. True 1. erroneous not gifts. 1. fancied constitutes dividend income. 1. True job 6-2 1. True 1. False If occupier alien donates, he shall be subject to donors revenue enhancement in the Philippines for his properties indoors and outside the Philippines 1. True 1. True 1. True 1. False hardly one-half of the shares is donated. 1. False lone(prenominal) if the gift is on account of marriage. 1. False only the first P100, 000 is exempt. 1. False whitethorn be subject to credit line valuate such as VAT, custom duties, or come to tax. 1. False - When the donee is a stranger, the tax rate is 30%. 1. True 1. False - excise tax transfer of property by air of gift cover vivos. Problem 6-3 1. True 1. True 1. False - 15% for donations in excess of P10, 000,000 make to relatives. 1. True 1. True 1. True 1. True 1. False it may withal be made in a start out globe instrument. 1. True If specific abandonment of inheritance it is subject to donors tax. 1. True 1. False separate taxpayers. 1. True |Problem 6-4 |Problem 6-5 |Problem 6-6 | |1. C |1. D |1.

C | |2. D |2. D |2. D | |3. C |3. C |3. D | |4. A...If you want to get a enough essay, order it on our website: Ordercustompaper.com

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