Home / My courses / UGRD-TAX6253-2026S / Week 18: Final Exam / Final Exam

Started on Wednesday, 23 June 2021, 10:29 AM

State Finished
Completed on Wednesday, 23 June 2021, 10:33 AM
Time taken 4 mins 11 secs
Marks 28.00/30.00
Grade 93.33 out of 100.00

Question 1
Correct

Mark 1.00 out of 1.00

It is one of the oldest sources of revenue of local governments.

Select one:
a. Income tax

b. Real estate tax

c. Community tax 

d. Document tax

Your answer is correct.

Question 2
Correct

Mark 1.00 out of 1.00

The community tax is also known as?

Select one:
a. Cedula personal 

b. Contract

c. Doc stamps

d. Papel de agencia

Your answer is correct.

Question 3
Correct

Mark 1.00 out of 1.00

The year were the Spaniards introduced the community tax?

Select one:
a. 1984

b. 2004

c. 1884 

d.
1784

Your answer is correct.

Question 4
Correct

Mark 1.00 out of 1.00

The year were the cedula tax was renamed as the residence tax via Commonwealth Act no. 465.

Select one:
a. 1840

b.
1841

c. 1939 

d. 1839

Your answer is correct.

Question 5
Correct

Mark 1.00 out of 1.00

What is the amount of basic community tax on individuals?

Select one:
a. 2

b. 10

c. 5 

d. 1

Your answer is correct.

Question 6
Correct

Mark 1.00 out of 1.00

What is the amount of basic community tax on corporations?

Select one:
a. 100

b. 500 

c. 200

d. 1,000

Your answer is correct.

Question 7
Correct

Mark 1.00 out of 1.00

Which of the following are the usages of community tax?

I. When acknowledging any document before a notary public.

II. Receiving any license, certificate or permit from any public authority
III. Transacting other official business

Select one:
a. I and III

b. 
all of the above

c. I and II

d. II and III

Your answer is correct.

Question 8
Correct

Mark 1.00 out of 1.00

The tax is primarily collected by the _______?

Select one:
a. Mayor

b. Secretary

c. 
Municipal treasurer

d. Administrator

Your answer is correct.

Question 9
Correct

Mark 1.00 out of 1.00

What is the tax rate of land in the province area?

Select one:
a. 3 %

b. none of these

c. 2 %

d. 1 % 

Your answer is correct.

Question 10
Correct

Mark 1.00 out of 1.00

What is the tax rate of land in Municipality in Metro Manila?

Select one:
a. 2 % 

b. none of these

c. 3 %

d. 1 %

Your answer is correct.

Question 11
Correct

Mark 1.00 out of 1.00

What is the discount to taxpayers who pay the real estate tax in advance?

Select one:
a. 15 %

b. 5 %

c. 20 %

d. 10 % 

Your answer is correct.

Question 12
Correct

Mark 1.00 out of 1.00

What is the surcharge per month for late payment of real estate tax?

Select one:
a. 1 %

b. 2 % 

c. 3 %

d. none of these

Your answer is correct.

Question 13
Correct

Mark 1.00 out of 1.00

What is the tax rate of capital gains from the market or zonal value of the property?

Select one:
a. 6 % 

b. 5 %

c. 3 %

d. 7 %

Your answer is correct.

Question 14
Correct

Mark 1.00 out of 1.00

What is the tax rate for the idle land?

Select one:
a. 7 %

b.
6%

c. 5 % 

d. 3 %

Your answer is correct.

Question 15
Correct

Mark 1.00 out of 1.00

What is the rate of penalty from failure of payment of tax under section 248 of the tax code?

Select one:
a. 25 % 

b. 20 %

c. 30 %

d. 40 %

Your answer is correct.

Question 16
Correct

Mark 1.00 out of 1.00

Which of the following are the cases covered of tax penalty?

I. Failure to timely file any return and pay the tax due.
II. Filling out of district return or filling a return with an internal revenue officer other than those with whom the return is required to be filed.
III. Failure to pay the deficiency tax within the prescribed for its payment in the notice of assessment.

Select one:
a. all of the above 

b.
I and III

c. II and III

d. I and II

Your answer is correct.

Question 17
Correct

Mark 1.00 out of 1.00

What is the interest per year of basic tax imposed upon an unpaid amount of tax from the time it should be paid in full?

Select one:
a. 20 % 

b. 25 %

c. 30 %

d. 40 %

Your answer is correct.

Question 18
Correct

Mark 1.00 out of 1.00

It is based on the deficiency taxes during tax examinations which interest shall be assessed and collected from the date prescribed for its
payment in full.

Select one:
a. Interest on extended payment

b. Delinquency interest

c. Deficiency interest 

d. None of these

Your answer is correct.

Question 19
Correct

Mark 1.00 out of 1.00

It is the interest charged on failure to pay the tax on the instalment or any part of the tax on instances where instalment payment is allowed
from the time required to be paid until fully paid.

Select one:
a. 
Interest on extended payment

b. Deficiency interest

c. None of these

d. Delinquency interest

Your answer is correct.

Question 20
Correct

Mark 1.00 out of 1.00

Which of the following cases are subject to delinquency interest?

I. The amount of tax due on any return to be filed.

II. The amount of the tax due for which no return is required.
III. Surcharge on maturity

Select one:
a. I and II 

b. I and III

c. all of the above

d. II and III

Your answer is correct.

Question 21
Correct

Mark 1.00 out of 1.00

It is the income that comes from an employer-employee relationship.

Select one:
a. Passive income

b. Compensation income 

c. Professional income

d. Business income

Your answer is correct.

Question 22
Correct

Mark 1.00 out of 1.00

Which of the following are compensation income?

I. Salaries
II. Bonuses
III. Fringe benefit

Select one:
a. II and III

b. all of the above 

c. I and II

d. I and III

Your answer is correct.

Question 23
Correct

Mark 1.00 out of 1.00

It is the interest from foreign or Philippine currency bank deposits, royalties, prizes and other winnings.

Select one:
a. Business income

b. Compensation income

c. Professional income

d. Passive income 

Your answer is correct.

Question 24
Correct

Mark 1.00 out of 1.00

Which of the following are the Filipino citizen living in the Philippines should file income tax return?

I. Employed by two or more employers, any time during taxable year.

II. Self- employed either through the conduct of a trade or professional practice.
III. Deriving mixed income

Select one:
a. I and III

b. II and III

c. all of the above 

d. I and II

Your answer is correct.

Question 25
Correct

Mark 1.00 out of 1.00

Which of the following are exempted from filing of income tax returns?

I. A Filipino citizen not residing in the Philippines, but who was established with BIR that you wish to remain living outside the country.
II. A Filipino citizen who works and earns income abroad.
III. A Filipino citizen previously considered a non -resident citizen.

Select one:
a. all of the above 

b. I and III

c. I and II

d. II and III

Your answer is correct.

Question 26
Correct

Mark 1.00 out of 1.00

Which of the following are the tax evasion schemes?

I. Reduction of the tax base

II. Non-filing of tax returns
III. Bribery or Connivance with concerned officials

Select one:
a. I and III

b. I and II

c. II and III

d. all of the above 

Your answer is correct.

Question 27
Correct

Mark 1.00 out of 1.00

The goal is to create a simpler, fair and more efficient system as per the constitution, where the rich will have a bigger contribution and the
poor will benefit more from the government programs and services.

Select one:
a. None of these

b. Tax reform for acceleration and inclusion 

c.
Tax enhancement

d. Tax restructuring

Your answer is correct.

Question 28
Incorrect

Mark 0.00 out of 1.00

Which of the following are the first package of tax reform and acceleration and inclusion?

I. Lowering the personal income tax

II. Simplifying the estate tax and donors tax
III. Increasing the excise tax of automobiles

Select one:
a. I and III

b. I and II 

c. II and III

d. all of the above

Your answer is incorrect.

Question 29
Incorrect

Mark 0.00 out of 1.00

What is true about simplifying estate tax rate?

I. 6% based on the net value of the estate.
II. 6% based on the net value of the estate with a standard deduction of 5 million.

III. 6 % based on the net value of the estate with a standard deduction of 5 million and exemption for the first 10 million for the family home.

Select one:
a. I 

b. III

c. II

d. none of these

Your answer is incorrect.

Question 30
Correct

Mark 1.00 out of 1.00

What is true about simplifying donors tax?

I. Simplifies the payment of donor’s taxes to a single tax rate of 6% of net donations is imposed for gifts above 250,000 yearly regardless of
relationship to the donor.

II. 6% of the net donation is imposed for the gifts above 250,000 monthly regardless of relationship to the donor.
III. 6% of the net donation is imposed for the gifts above 250,000 quarterly regardless of relationship to the donor.

Select one:
a. none of these

b. II

c. I 

d. III

Your answer is correct.

◄ Final Quiz 2

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