solved: Statement I – If the problem is silent as to the cause of the…

  

Statement I – If the problem is silent as to the cause of the…Statement I – If the problem is silent as to the cause of the failure to file and pay the tax on time, it is presumed that the failure is due to willful neglect.Statement II -A taxpayer who reports a gross receipt of 25% less than the actual is presumed guilty of substantial understatement and shall be penalized by an amount of 50% of the basic tax for filing a fraudulent return. a. Only Statement II is true.b. Both statements are true.c. Only Statement I is true.d. Both statements are false. ABC Corporation a domestic corporation duly registered under Philippine laws, made the following donation for the year as follows:•      March 31, Shares of stock of ABC Corporation to its shareholders.•      June 30, Land to subsidiary Corporation.•      September 30, Cash to corporate manager and officers.•      November 30, P100,000 donation to a government school for the construction of school building.•      December 31, P100,000 donation to a private school for the construction of school building.Based on the information above, what type of tax is imposed on June 30 donation? a. Exempt from taxb. Donor taxc. Fringe benefit taxd. Normal income tax LawSocial ScienceTax law TAXATION INCOMETAXA

Don't use plagiarized sources. Get Your Custom Essay on
solved: Statement I – If the problem is silent as to the cause of the…
Just from $10/Page
Order Essay
Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 30% with the discount code ESSAYSHELP