Which is a requisite for donation given to qualified children on account of marriage to be deductible?I. The amount of deduction should in no case exceed ten thousand pesos for each child.II. The property donated is located in the Philippines.Select one:a.Only item IIb.Only item Ic.Neither item I nor IId.Both I and II

The following are the requisites for the charitable and other contributionsto be deductible, except:Select one:a.The taxpayer giving charitable donations must be engaged in business, trade or exercise of professionb.Must be either for public or private purposec.There must be an actual contributions maded.The net income of the institution must not inure to the benefit of any individual or private stockholder

Donations made to the following institutions are deductible in full, except:Select one:a.Non-governmental organizations (NGOs)b.Accredited non-profit organizations recognized by the governmentc.Government of the Philippines or to any of its agencies or political subdivisions, including fully-owned government corporations exclusively to finance, to provide for or to be used in undertaking priority activities in: education, health, youth and sports development, human settlement, science and culture, economic developmentd.Donations for economic development shall be in accordance with the National Priority Plan determined by the National Economic Development Authority (NEDA)

Which is NOT a requisite in order that claims against the decedent's estate may be deductible?Select one:a.They must be enforced by the claimants.b.They must be existing against the estate.c.They must be reasonably certain as to amounts.d.They must have been prescribed.

Which of the following is NOT true if a donor is a non-resident, not a citizen of the Philippines?Select one:a.Property located in the Philippines but donated to a done abroad will pay the donor's taxb.Property located abroad, but donated to a citizen of the Philippines will not pay the donor's taxc.Property outside the Philippines donated on account of marriage to a resident of the Philippines has a deduction of Php 10, 000d.Property in the Philippines with a value of Php 150, 000, donated to a citizen of the Philippines, will pay the donor's taxClear my choice

Donations made to the following institutions are deductible in full, except:Select one:a.Donations for economic development shall be in accordance with the National Priority Plan determined by the National Economic Development Authority (NEDA)b.Non-governmental organizations (NGOs)c.Government of the Philippines or to any of its agencies or political subdivisions, including fully-owned government corporations exclusively to finance, to provide for or to be used in undertaking priority activities in: education, health, youth and sports development, human settlement, science and culture, economic developmentd.Accredited non-profit organizations recognized by the government