1. If you win 5,000 pesos in lotto, you need to pay a tax on your winnings.



True
False


2. In the old Tax law, you are taxed for every peso that you earn.


True
False



3. in the TRAIN law, the first 200,000 pesos is tax free. *


True
False



4. Travel allowance is taxable under the TRAIN law. *
1 point
Yes
No
Depends if you are a Minimum Wage Earner or not




5. All Fringe Benefits/ Allowances are taxed with no exemptions

True
False


6. The deadline for filing Income Tax Return is every April 15th of the fiscal year. *



True
False



7. The rate for your Personal Income Tax will change in 2022. *


True
False



8.Juan is employed at a call center part-time. His annual salary is 200,000 pesos. Does he need to pay Income tax?


Yes
No


9.Anne is an architect who gets paid on a per project basis. She earned 600,000 for the year. She choose to pay 8% rather than the regular PIT rate. How much income tax?

28,000 pesos
38,000 pesos
48,000 pesos
She does not need to pay



10. Jose is also an architect but has less projects than Anne. He only earned 100,000 pesos as an architect for the year. But he has a small sari sari store that is included in his income. The gross sale of the store for the year is 100,000 pesos. How much does he need to pay?


16,000 pesos
20,000 pesos
6,000 pesos
He does not need to pay any tax