Bar questions · 2011
Taxation Law
96 questions from the 2011 bar examination.
- 61.4. Refund The actual effort exerted by the government to effect the exaction of what is due from the taxpayer is known as: (2011 Bar Question)Not answered yetMultiple choice
- 62.An example of a tax where the concept of progressivity finds application is the: (2011 Bar Question)Not answered yetMultiple choice
- 63.(1) Engaged in trade or business Pierre de Savigny, a Frenchman, arrived in the Philippines on January 1, 2010 and continued to live and engage in business in the Philippines. He went on a tour of Southeast Asia from AugNot answered yetMultiple choice
- 64.Aplets Corporation is registered under the laws of the Virgin Islands. It has extensive operations in Southeast Asia. In the Philippines, Its products are imported and sold at a mark-up by its exclusive 20 | P a g e 2010Not answered yetMultiple choice
- 65.Income is considered realized for tax purposes when: (2011 Bar Question)Not answered yetMultiple choice
- 66.A corporation may change its taxable year to calendar or fiscal year in filing its annual income tax return, provided: (2011 Bar Question)Not answered yetMultiple choice
- 67.Income from dealings in property (real, personal, or mixed) is the gain or loss derived: (2011 Bar Question)Not answered yetMultiple choice
- 68.In March 2009, Tonette, who is fond of jewelries, bought a diamond ring for P750,000.00, a bracelet for P250,000.00, a necklace for P500,000.00, and a brooch for P500,000.00. Tonette derives income from the exercise of hNot answered yetMultiple choice
- 69.28 | P a g e 2010-2015 Taxation Law Bar Examinations Federico, a Filipino citizen, migrated to the United States some six years ago and got a permanent resident status or green card. He should pay his Philippine income tNot answered yetMultiple choice
- 70.PLDT, a Philippine corporation. Keyrand, Inc., a Philippine corporation, sold through the local stock exchange 10,000 PLDT shares that it bought 2 years ago. Keyrand sold the shares for P2 million and realized a net gainNot answered yetMultiple choice
- 71.(2) Salaries, wages and other forms of compensation for personal services actually rendered, including the grossed-up monetary value of the fringe benefit subjected to fringe benefit tax which tax should have been paid (Not answered yetMultiple choice
- 72.Dondon and Helena were legally separated. They had six minor children, all qualified to be claimed as additional exemptions for income tax purposes. The court awarded custody of two of the 39 | P a g e 2010-2015 TaxationNot answered yetMultiple choice
- 73.The head priest of the religious sect Tres Personas Solo Dios, as the corporation sole, rented out a 5,000 sq. m. lot registered in its name for use as school site of a school organized for profit. The sect used the rentNot answered yetMultiple choice
- 74.Passive income includes income derived from an activity in which the earner does not have any substantial participation. This type of income is: (2011 Bar Question)Not answered yetMultiple choice
- 75.(i) Itemized deductions (ii) Optional standard deduction 48 | P a g e 2010-2015 Taxation Law Bar Examinations The excess of allowable deductions over gross income of the business in a taxable year is known as: (2011 Bar Not answered yetMultiple choice
- 76.(i) Interest on foreign loans (ii) Inter-corporate dividends (iii) Capital gains from sale of shares of stock not traded in the stock exchange Zygomite Minerals, Inc., a corporation registered and holding office in AustrNot answered yetMultiple choice
- 77.III. Estate tax Don Fortunato, a widower, died in May, 2011. In his will, he left his estate of P100 million to his four children. He named his compadre, Don Epitacio, to be the administrator of the estate. When the BIR Not answered yetMultiple choice
- 78.61 | P a g e 2010-2015 Taxation Law Bar Examinations Yes. Unpaid mortgages upon, or any indebtedness with respect to property are deductible from the gross estate only if the value of the decedent’s interest in said propNot answered yetMultiple choice
- 79.62 | P a g e 2010-2015 Taxation Law Bar Examinations 13. Tax credit for estate taxes paid in a foreign country 14. Exemption of certain acquisitions and transmissions 15. Filing of notice of death 16. Estate tax return GNot answered yetMultiple choice
- 80.2011 then each should donate P100,000.00 in 2012. 12. Tax credit for donor’s taxes paid in a foreign country 13. Exemptions of gifts from donor’s tax Exempted from donor’s taxation are gifts made: (2011 Bar Question)Not answered yetMultiple choice