Which global systems of income taxation means

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Reference no: EM132827651

Problem 1: C, a Koren singer, was engaged to sing for one week at the MOA Arena after which she returned to korea. For income tax purposes, she shall be classified as?

A. Resident Alien

B. Nonresident alien engaged in trade or business

C. Nonresident alien not engaged in trade or business

D. Resident Citizen

Problem 2: SITUS OF TAXATION IS WORLD/GLOBAL TAXATION?

A. Resident Alien

B. Nonresident alien engaged in trade or business

C. Nonresident alien not engaged in trade or business

D. Resident Citizen

Problem 3:  It is important to know the source of income for tax purposes (i. e ,from within or outside the Philippines) because?

A. Some individuals and corporate taxpayers are taxed on their world income while others are only on income from sources within the Philippines.

B. The Philippines imposes income tax only on the income from sources within.

C. Some individual taxpayers are citizens while others re aliens.

D. Export sales are not subject to income tax.

Problem 4: GLOBAL Systems of income taxation means:

A. All types of income except those subject to final tax are aggregated to arrive at a gross income.

B. Separate graduated rates are imposed on different types of income.

C. Capital gains are excluded in determining gross income.

D. Compensation income and business/professional income are taxed at different places in the world

Reference no: EM132827651

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