question 1 A tax on the right or privilege to enter places of…

Question Answered step-by-step question 1 A tax on the right or privilege to enter places of… question 1A tax on the right or privilege to enter places of amusement a. Value added tax   b.Franchise tax  c.Amusement tax  d.Income tax Question 2 Answer savedMarked out of 2Remove flagQuestion text Shares of stock held as investment when sold through the local stock exchange beginning January 1, 2018 shall be subject to:a. Percentage tax – 6/10 of 1% based on gross selling price or gross value in money.   b. Value-added tax -12% based on gross income.   c.Capital gains tax – 15% of capital gain  d.Percentage on IPO-4%, 2%, 1% based on gross selling price or gross value in money.  Clear my choice Question 3 Answer savedMarked out of 2Flag questionQuestion text  A keeper of garage whose gross receipts for the year exceeds P3,000,000 is subject to: a.Value added tax  b.Garage sales tax  c.Common carriers tax  d.Franchise tax  Clear my choice Question 4 Answer savedMarked out of 2Flag questionQuestion text Tax base of percentage tax on agent of a foreign insurance not allowed to do business in the Philippinesa. Gross sales   b. Remittances to the foreign insurance company by the agent   c. Premiums received from within the Philippines for the foreign insurance company   d. Gross receipts   Clear my choice Question 5 Not yet answeredMarked out of 2Flag questionQuestion text  Percentage tax isI.         A business tax.II.       A transfer tax.III.      Ad valorem lax,IV.     Progressive tax. a. I and II only   b. I, II and III only   c. I, III and IV only   d. I, II, III and IV              Law Social Science Tax law TAX 1000 Share QuestionEmailCopy link Comments (0)