2019 taxation bar questions and answers
1. 2019 taxation bar questions and answers
Answer:
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2. What is income taxation
Computation of income tax
3. What is income taxation
an income tax is a government levy (tax) imposed on individual or intities (tax payers ) that varies with the income or taxable income of the tax payers...
4. describe the effects (3) of taxation on income tax, indirect tax, and inflation,
Answer:
Income Tax
The monetary limits are for the tax effect in a particular case. 'Tax effect' refers to the difference between the tax on the assessed income and tax on the income without the assessment adjustments. An Assessing Officer should determine the tax effect for each assessment year for a taxpayer.
Indirect Tax
Indirect taxes make the distribution of income more unequal because of their regressive effects. The poor will get taxed a higher proportion of their income than the rich, making it a regressive tax. Higher indirect taxes can cause cost-push inflation which can lead to a rise in inflation expectations.
infaltion
If there is an increase in income tax rates – this will not cause inflation. If anything, it will lead to a lower rate of inflation. Higher income tax will reduce disposable income and therefore spending; this will cause a fall in aggregate demand. Ceteris Paribus this will lead to a lower rate of inflation.
5. principles and purpose of income and business taxation
Answer:
principles and purpose of income and business taxation
6. what is regular income taxation?
This type of income tax is levied on an individual's wages, salaries, and other types of income. This tax is usually a tax that the state imposes. Because of exemptions, deductions, and credits, most individuals do not pay taxes on all of their income.
7. what is the general rule in income taxation?
Answer:
Yan na po
Step-by-step explanation:
Sana makatulong
As a general rule all income paid to individuals is subject to taxation, unless a U.S. Internal Revenue Services (IRS) ruling (usually an associated form to file) allows partial or full exemption from income tax withholding.
8. Why is income subject to taxation?
Answer:
An income tax is a government tax on the taxable profit earned by an individual or corporation. ... The reasoning behind this tax structure is that the poor are less able to pay taxes, while the rich have more excess cash with which to pay taxes.
Explanation:
Corrected by :lexc
9. what values did you gain in income taxation?
Answer:
The federal taxes you pay are used by the government to invest in technology and education, and to provide goods and services for the benefit of the American people. The three biggest categories of expenditures are: Major health programs, such as Medicare and Medicaid. Social security.
Explanation:
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Answer:
tama po yang sagot niya
10. Is taxation is an effective tool to reduce the inequalities of income
Answer:
No you need to chang the tax system to reduce the inequalities of income
11. basic principles of income taxation
Answer:
income is considered to be an indicator of an individual or company's economic performance.Thus,one of the main principles of income taxation is that of measuring an individual's ability to pay,and so yhe income TAX act (ITA) regulates which types of accretion of wealth are deemed to be income and therfore taxable.
12. 8: Describe the effects of taxation on income, indirect tax, and inflation.
Answer:
If there is an increase in income tax rates – this will not cause inflation. If anything, it will lead to a lower rate of inflation. Higher income tax will reduce disposable income and therefore spending; this will cause a fall in aggregate demand. Ceteris Paribus this will lead to a lower rate of inflation
13. what did you learn about income taxation
Answer: Business and Income Taxation for Non-Accountant Zoom Webinar
Business and Income Taxation SeminarNext Seminar Schedules
29
SEP
Sep 29 and 30, 2022 from 09:00 AM to 04:00 PM
Maria Lourdes M. Yanuaria, CPA, CPP, RFP, CFC
Zoom Webinar
24
NOV
Nov 24 and 25, 2022 from 09:00 AM to 04:00 PM
Maria Lourdes M. Yanuaria, CPA, CPP, RFP, CFC
Zoom Webinar
Reserve a Seat
Who Should Attend?
Business owners, freelancers, self-employed individuals and aspiring entrepreneurs who wants to understand the basics of their tax obligations, computations and deadlines
Business and Income Taxation for Non-Accountant Seminar/Workshop Objectives
To learn the basic business taxation in the Philippines
To comply with the monthly, quarterly and annual tax obligations
To understand the registration requirements in BIR
Business and Income Taxation for Non-Accountant Seminar/Workshop Details
Tax is already a burden to many, especially if you don’t know anything about it or you failed to comply properly.
Because of the serious implementation and drive of the Bureau of Internal Revenue (BIR) to raise awareness of paying the right tax, as seen through various paid advertisements on television, radio and newspapers, and also, with BIR’s Oplan Kandado, Tax Mapping, Letter of Authority (LA), etc, more and more business and income earners are becoming more aware of the importance of properly paying and filing the tax dues.
Paying the right tax is an obligation of all income earners in the Philippines. The tax collected by the BIR will then be used as funds of the government to carry out its duties.
This seminar aims to enlighten the participants on the concept and procedures in filing the proper tax in order to be compliant and avoid future tax problems.
After the seminar, you will
Learn the basic business taxes applicable to business and income earners in the Philippines
Understand the various BIR Forms and their deadlines
Know the different tax rates and tax bases in order to compute the proper amount of tax due
What You Will Learn?
In this workshop, you will learn how to:
Definition and purpose of tax
Types of business taxes in the Philippines
Withholding Tax on Compensation
Withholding Tax Expanded
Final Tax
Percentage Tax
Value-Added Tax
Income Tax for individual
Income tax for partnership/corporation
Annual Registration Fee
BIR Forms and Deadlines
Book of Accounts
Printing of Receipts and/or Invoices
Filing in electronic BIR (eBIR) Forms or electronic filing payment system (EFPS)
Testimonials
Some words from our participants.
This training should be mandatory for all start-ups in the Philippines.
Mr. Marti Joshua P. Lacambra
This training was a big help especially for new business owners. The content and practical exercises are good. The trainer was also knowledgeable about the topic and was very accommodating to answer various questions.
Ms. Cherryl G. Marzan
Wandercrew Travel and Tours
This seminar was well worth the price of admission. Everything you need as a business owner in terms of tax compliance was covered well.
Mr. Jor-el E. Paragua
PPPT Enterprises
Registration Fee
Registration fee is only P3,360.00 inclusive of VAT. The registration fee is for two (2) days event, inclusive of training materials and certificate of participation.
How to Register?
Seats are limited and made available on a first pay first serve basis. You may use the form below to register.
#keeponlearning
Answer:
mag bayad ng buwis at dapat mag bayad ng tama para maka ipon ng pundo ang government
14. PRACTICAL EXAMPLES OF FIVE (5) THE DEFINITIONS/TERMS FOR INCOME TAXATION
Answer:
reacearc ka nalang po
Explanation:
Sana makatolong Ang reasearc
15. How can taxation be used as a tool for redistributing income?
Answer:
Abstract
Many countries use income taxation as one of the essential tools of income redistribution. This paper covers positive and negative effect of the proportional scale of individual taxation introduced by the Russian Federation. The observation suggests that the flat rate increases the social inequality, which, in turn, reflects adversely on the economic growth of the country. The document describes the contribution of the income tax to the budget revenues of the developed countries and provides the data of foreign practice to apply income tax rates. The authors demonstrate the need for the progressive taxation and establishment of a tax-free allowance.
Explanation:
hope it helps many student needing the same answers.
16. Discuss in detail the taxation of interest income
Answer:
Most interest income is taxable as ordinary income on your federal tax return, and is therefore subject to ordinary income tax rates.
Answer:
Most interest income is taxable as ordinary income on your federal tax return, and is therefore subject to ordinary income tax rates. ... Generally speaking, most interest is considered taxable at the time you receive it or can withdraw it.
Explanation:
sana makatulong
17. what is final income taxation?
Answer:
Income Tax withheld constitutes the full and final payment of the income tax due from payee on the said income. :))
18. EXPLAIN the sources of income on "Taxation of Individuals".
Answer:
the source of income of taxation of individuals is 50% cause now they dont give 100% tax its because it so hard to earn money to they just ging 50% tax
19. characteristics of income taxation
Answer:
Explanation:
Four characteristics make tax a good tax and they are: certainty, equity, simplicity and efficiency. Certainty is characteristics by which every tax payer must be certain how much tax does he or she own, when payment of tax is due and how it should be paid.
20. What is income taxation?
An income tax is a tax imposed on individuals or entities that is varies with respective income or profits.
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21. National income taxation case doctrines scribd
Answer:
NATIONAL INCOME TAXATIONExplanation:
The gross public income, recently known as gross public item , is the complete homegrown and unfamiliar result guaranteed by occupants of a nation, comprising of GDP , in addition to factor incomes procured by unfamiliar inhabitants, less income acquired in the homegrown economy by out-of-state people. Contrasting gross public income with Gross domestic product shows how much a country's Gross domestic product addresses homegrown or global movement. GNI has continuously supplanted GNP in worldwide measurements. While being theoretically indistinguishable, it is determined in an unexpected way. Gross public income is the premise of computation of the biggest piece of commitments to the spending plan of the European Association. In February 2017, Ireland's Gross domestic product turned out to be so contorted from the base disintegration and benefit moving tax arranging devices of U.S. multinationals, that the National Bank of Ireland supplanted Irish Gross domestic product with another measurement, Irish Altered gross public income.
An income tax is a tax forced on people or elements in regard of the income or benefits acquired by them. Income tax for the most part is figured as the result of a tax rate times the taxable income. Taxation rates might change by type or qualities of the taxpayer and the kind of income. Taxable income of taxpayers occupant in the purview is for the most part complete income less income creating costs and different allowances. By and large, just net addition from the offer of property, including products held available to be purchased, is remembered for income. The income of a company's investors ordinarily incorporates appropriations of benefits from the enterprise. Derivations normally incorporate all income-delivering or operational expense including a stipend for recuperation of expenses of business resources. Numerous locales permit notional derivations for people and may permit allowance of a few individual costs. Most purviews either don't tax income acquired external the locale or permit a credit for taxes paid to different wards on such income. Out-of-state people are taxed distinctly on particular sorts of income from sources inside the wards, with few exemptions.
What is income taxation? - Brainly.ph
https://brainly.ph/question/1710629
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22. what is income taxation according to the BIR
Answer:
Income of residents in Philippines is taxed progressively up to 32%. Resident citizens are taxed on all their net income derived from sources within and without the Philippines. ... Passive income: This income, including dividends and interest, is subject to tax at 7.5%.Explanation:
# CARRY ON LEARNING23. how do income and business taxation affect our individual lives?
Answer:
By influencing incentives, taxes can affect both supply and demand factors. Reducing marginal tax rates on wages and salaries, for example, can induce people to work more. Expanding the earned income tax credit can bring more low-skilled workers into the labor force.
Welcome,:>
Answer:
that now she answered it
24. what topic you struck the most income taxation?
Answer:
Because of exemptions, deductions, and credits, most individuals do not pay taxes on all of their income. The IRS offers a series of income tax ...
Explanation:
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#CARRY ON LEARNING
#PA BRAINLIEST PO
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25. Solutions manual-income taxation(2020 edition)
Explanation:
Yan lng ang alm ko godbless
26. what is income taxation?
Answer:An income tax is a tax imposed on individuals or entities in respect of the income or profits earned by them. Explanation:#CarryOnLearning☘️!
27. discuss the nature of final income taxation
Answer:
The income tax is the prime example of a direct tax; it is levied directly on the incomes of the individual ...
28. What are the three income taxation ?
Answer:
Three main types of taxes. Taxes on income and earnings, Ad valorem taxes and Consumption taxes.hope it helps mark me brainliest if u think it helps tysm!!29. patulong ng accounting about INCOME TAXATION?
Answer:
ito po tatlong images po yan
30. What is income and business taxation?
Answer:
income -a money you recieved like for example a salary from work. business taxation- a money you will give to our government if you have a business.
