Which is NOT included as transactions considered "in the course of trade or business" subject to the business taxes?Select one:a.Isolated sale services of goods or services for a gross selling price or receipts of Php 800, 000b.Regular conduct or pursuit of a commercial or an economic activity by a non-stock, non-profit private organizationc.Isolated services in the Philippines by non-resident foreign individualsd.Regular conduct or pursuit of a commercial or an economic activity by a stock private organization

What is the tax on the interest, commission, discounts and all other items treated as gross income of other non-bank financial intermediaries doing business in the Philippines?Select one:a.0% on the gross receipts.b.1% on the gross receipts.c.7% on the gross receipts.d.5% on the gross receipts.

For public-benefit entities, as opposed to for-profit entities, revenue does not have to be recorded for:Question 6Answera.Exchange transactions involving services.b.Non-exchange transactions involving goods.c.Non-exchange transactions involving services.d.Exchange transactions involving goods.

Which type of business organization is subject to double taxation?A.Sole proprietorshipB.CorporationsC.PartnershipsD.Government corporationsE.Non-profits

It is the sale and actual shipment of goods from the Philippines to a foreign country, irrespective of any shipping arrangement that may be agreed upon which may influence or determine the transfer of ownership of the goods so exported and paid for in acceptable foreign currency or its equivalent in goods or services, and accounted for in accordance with the rules and regulations of the Bangko Sentral ng Pilipinas (BSP);a.Export Salesb.Consultative Sellingc.Product-oriented sellingd.Import sales

It means the regular conduct or pursuit of a commercial or an economic activity, including transactions incidental thereto, by any person regardless of whether or not the person engaged therein is a nonstock, nonprofit private organization (irrespective of the disposition of its net income and whether or not it sells exclusively to members or their guests), or government entity.a.in the course of real estateb.in the course of trade and businessc.in the course of agricultured.in the course of compensation and benefits