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Mathematics, Professional Development
University -
Professional Development
BIR RDO 27 Caloocan Transfer Tax on Estate and Donation
15 questions
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- 1. Multiple Choice
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- 2. Multiple Choice
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- 11. Multiple Choice
WHICH SECTION OF THE TRAIN ACT STATES THE RATE OF DONOR'S TAX?
A. SECTION 11
B. SECTION 12
C. SECTION 16
D. ALL OF THE ABOVE
- 12. Multiple Choice
WHAT IS THE PURPOSE/GOAL OF THE TRAIN ACT?
A. TO GENERATE REVENUE TO ACHIEVE THE 2022 & 2040 VISION OF THE GOVERNMENT
B. TO ERDICATE EXTREME POVERTY
C. TO CREAT INSTITUTIONS THAT WILL OFFER EQUAL OPPURTUNITIES TO ALL
D. TO MAKE THE TAX SYSTEM SIMPLIER, FAIRER, AND MORE EFFICIENT
E. ALL OF THE ABOVE
- 13. Multiple Choice
WHICH OF THE FOLLOWING STATEMENTS ARE TRUE & CORRECT?
A. DONOR'S TAX IS A PROPERTY TAX
B. DONOR'S TAX RATE FOR STRANGERS UNDER THE TRAIN LAW IS 30%
C. DONOR'S TAX RATE FOR EACH CALENDAR YEAR SHALL BE 6%
D. ALL OF THE ABOVE
E. NONE OF THE ABOVE
- 14. Multiple Choice
WHEN IS A DONATION COMPLETED?
A. FROM THE MOMENT THE DONOR KNOWS THE ACCEPYANCE BY THE DONEE
B. BY THE DELIVERY, EITHER ACTUALLY OR CONSTRUCTIVELY, OF THE DONATED PROPERTY TO THE DONEE
C. UPON PAYMENT OF THE DONOR'S TAX DUE
D. BOTH A & B
E. ALL OF THE ABOVE
- 15. Multiple Choice
UNDER THE TRAIN LAW, WHICH OF THE FOLLOWING ARE EXEMPT FROM DONOR'S TAX?
A. GIFTS MADE TO OR FOR THE USE OF ENTITY CREATED BY ANY OF THE GOVERNMENT'S AGENCIES WHICH IS CONDUCTED FOR PROFIT
B. GIFTS IN FAVOR OF A PHILANTROPIC ORGANIZATION
C. DONNIES MADE IN ACCOUNT OF MARRIAGE
D. ALL OF THE ABOVE
E. BOTH A & B
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