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Blank Quiz: Activity 2 - Modules 3 and 4

This document appears to be a quiz about Philippine business taxes. It contains multiple choice questions about key concepts related to business tax, VAT, percentage tax, excise tax, and which entities are subject to these different taxes. It also asks questions about business registration requirements and thresholds for VAT registration.

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58 views6 pages

Blank Quiz: Activity 2 - Modules 3 and 4

This document appears to be a quiz about Philippine business taxes. It contains multiple choice questions about key concepts related to business tax, VAT, percentage tax, excise tax, and which entities are subject to these different taxes. It also asks questions about business registration requirements and thresholds for VAT registration.

Uploaded by

Sevastian jedd Edic
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Blank Quiz

Activity 2_Modules 3 and 4


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Family name, First name

Business tax is a tax on a privilege. *


1 point

YES
NO

Excise tax, VAT, and percentage tax are the business taxes. *
1 point

YES
NO

VAT is a direct tax collected by the seller from the buyer. *


1 point

YES
NO

Business may or may not be habitual and involves a commercial activity. *


1 point

YES
NO

VAT is a national tax while the percentage tax on business is a local tax. *
1 point

YES
NO

These words/phrase mean the regular conduct or pursuit of a commercial or an


economic activity. *
1 point

"regular activity"
"commercial activity"
"business activity"
"in the course of trade or business

Any person who imports goods shall be liable to the VAT. *


1 point

YES
NO

Business activity subject to business tax includes incidental activities. *


1 point

YES
NO

The following persons or entities are subject to business tax, as a rule, on their
commercial or economic activity , EXCEPT: *
1 point

Any natural person


Any private entity
Any government entity
Any non-stock or non-profit private entity
none of the foregoing

It is a tax on the production, sale or consumption of a commodity in a country. *


1 point

VAT
Percentage tax
Excise tax
Business tax

Even if NOT regular, services rendered in the Philippines by non-resident foreign


persons shall be considered as being in the course of trade or business. *
1 point

YES
NO

In order to be liable for business tax, the business must incur profit from the regular
and commercial activity. *
1 point

YES
NO

Juan registered as a sole proprietor engaged in selling various food products.


Needing additional income, he sold some of his antiques for P200,000 profit. His
total sales from plants and the antiques are subject to business tax. *
1 point
YES
NO

Due to continuous losses, Juan decided to sell his "business" and earned a little
profit therefrom. The sale of the business (sole proprietorship-trading) is subject to
business tax. *
1 point

YES
NO

A non-resident alien leased on a "one-time" basis his aircraft to a certain Filipino


resident. The transaction shall be deemed "in the course of business". *
1 point

YES
NO

Marginal income earners are self-employed individuals deriving gross sales or


receipts not exceeding _______________ *
1 point

P50,000
P75,000
P100,000
P150,000

Who among the following is a marginal income earner? *


1 point

sari-sari store owner


fishermen and/or farmers selling directly to consumers
tricycle drivers
all of the above
none of the above

Juana is a sole proprietor engaged in selling her own handicraft creations. During
"Panagbenga" in Baguio, she qualifies to a 1-unit stall where she sells her
creations during the entire 7-day festival. The activity of Juana during the festival is
subject to business tax. *
1 point

YES
NO

It refers to a stall or outlet which is not permanently fixed to the ground and is
normally set up in places like shopping malls, hospitals, office buildings, hotels,
villages or subdivisions, churches, parks, streets and other public places, for the
purpose of selling a variety of goods/services for short durations of time or during
special events. *
1 point

kiosk
business center
marginal income store
privilege store

Every person subject to any internal revenue tax shall register once with the
appropriate Revenue District Officer (in case of business tax)- *
1 point

within 10 days from commencement of business


On or before the commencement of business

The business registration shall contain the following, except: *


1 point

taxpayer's name
business style
place of business
none of the above

Where does a person maintaining a head office, branch or facility register? *


1 point

BIR
Revenue District Officer having jurisdiction over the head office, branch or facility
Revenue District Officer having jurisdiction over the head office
any of the above

It may include sales outlets, places of production, warehouses or storage places *


1 point

head office
branch
facility

How much is the annual business registration fee? *


1 point

P100
P300
P500
P1,000

How much registration fee shall be paid for a home office and branch? *
1 point

P100
P500
P1,000

A duly-registered cooperative is exempt from the registration fee. *


1 point

YES
NO

Upon registration, the taxpayer registers either as VAT or non-VAT. *


1 point

YES
NO

The VAT threshold shall be an actual or estimated 12-month gross sales or


receipts of- *
1 point

P3,000,000
exceeding P3,000,000
P3,000,000 or below

The gross sales or receipts to be considered in the VAT threshold are only the
__________ sales or receipts. *
1 point

vatable
vatable and exempt

"Vatable" sales or receipts means that these are subject to business tax of either
percentage tax (they do not meet the threshold) or VAT (they meet the VAT
threshold). *
1 point

YES
NO

A non-VAT taxpayer may register as VAT taxpayer. *


1 point

YES
NO

A VAT taxpayer may register as non-VAT taxpayer. *


1 point

YES
NO

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