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INTEGTAX > FINAL TAXES > Flashcards

FINAL TAXES Flashcards

1
Q

Share in the net income of a partnership, joint venture, and co-ownership of a RESIDENT CITIZEN

A

10%

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2
Q

Share in the net income of a partnership, joint venture, and co-ownership of a RESIDENT ALIEN

A

10%

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3
Q

Share in the net income of a partnership, joint venture, and co-ownership of a NON RESIDENT CITIZEN

A

10%

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4
Q

Share in the net income of a partnership, joint venture, and co-ownership of a NRA-ETB

A

20%

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5
Q

Share in the net income of a partnership, joint venture, and co-ownership of a NRA-NETB

A

25%

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6
Q

Share in the net income of a partnership, joint venture, and co-ownership of a DOMESTIC CORPORATION

A

RIT

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7
Q

Share in the net income of a partnership, joint venture, and co-ownership of a RESIDENT FOREIGN CORPORATION

A

RIT

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8
Q

Share in the net income of a partnership, joint venture, and co-ownership of a NON-RESIDENT FOREIGN CORPORATION

A

25%

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9
Q

Passive Royalties from cinematographic films and similar works of a RC

A

20%

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10
Q

Passive Royalties from cinematographic films and similar works of a NRC

A

20%

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11
Q

Passive Royalties from cinematographic films and similar works of a RA

A

20%

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12
Q

Passive Royalties from cinematographic films and similar works of a NRA-NETB

A

25%

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13
Q

Passive Royalties from cinematographic films and similar works of a NRA-ETB

A

20%

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14
Q

Active Royalties of a RC

A

RIT

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15
Q

Active Royalties of a NRC

A

RIT

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16
Q

Active Royalties of a RA

A

RIT

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17
Q

Active Royalties of a DC

A

RIT

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18
Q

Active Royalties of a RFC

A

RIT

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19
Q

Active Royalties of a NRFC

A

25%

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20
Q

Passive royalties from books, literary works, and musical compositions of a RC

A

10%

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21
Q

Passive royalties from books, literary works, and musical compositions of a NRC

A

10%

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22
Q

Passive royalties from books, literary works, and musical compositions of a RA

A

10%

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23
Q

Passive royalties from books, literary works, and musical compositions of a NRA-NETB

A

25%

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24
Q

Passive royalties from books, literary works, and musical compositions of a NRA-ETB

A

10%

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25
Q

Taxable Prizes 10,000 and below of a RC

A

RIT

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26
Q

Taxable Prizes 10,000 and below of a NRC

A

RIT

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27
Q

Taxable Prizes 10,000 and below of a NRA-NETB

A

25%

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28
Q

Taxable Prizes 10,000 and below of a RA

A

RIT

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29
Q

Taxable Prizes 10,000 and below of a NRA-ETB

A

RIT

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30
Q

Taxable Prizes greater than 10,000 of a RC

A

20%

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31
Q

Taxable Prizes greater than 10,000 of a NRC

A

20%

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32
Q

Taxable Prizes greater than 10,000 of a RA

A

20%

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33
Q

Taxable Prizes greater than 10,000 of a NRA-ETB

A

20%

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34
Q

Taxable Prizes greater than 10,000 of a NRA-NETB

A

25%

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35
Q

Taxable Prizes greater than 10,000 of a DC

A

RIT

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36
Q

Taxable Prizes greater than 10,000 of a RFC

A

RIT

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37
Q

Taxable Prizes greater than 10,000 of a NRFC

A

25%

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38
Q

Taxable Prizes 10,000 and below of a DC

A

RIT

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39
Q

Taxable Prizes 10,000 and below of a NRFC

A

25%

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40
Q

Winnings, in general of a RC

A

20%

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41
Q

Winnings, in general of a NRC

A

20%

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42
Q

Winnings, in general of a RA

A

20%

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43
Q

Winnings, in general of a NRA-NETB

A

25%

44
Q

Winnings, in general of a NRA-ETB

A

20%

45
Q

Winnings, in general of a DC

A

RIT

46
Q

Winnings, in general of a RFC

A

RIT

47
Q

Winnings, in general of a NRFC

A

25%

48
Q

PCSO and lotto winnings > 10,000 of a RC

A

20%

49
Q

PCSO and lotto winnings > 10,000 of a NRC

A

20%

50
Q

PCSO and lotto winnings > 10,000 of a RA

A

20%

51
Q

PCSO and lotto winnings > 10,000 of a NRA-NETB

A

25%

52
Q

PCSO and lotto winnings > 10,000 of a NRA-ETB

A

20%

53
Q

PCSO and lotto winnings > 10,000 of a DC

A

20%

54
Q

PCSO and lotto winnings > 10,000 of a NRFC

A

25%

55
Q

PCSO and lotto winnings > 10,000 of a RFC

A

20%

56
Q

PCSO and lotto winnings <= 10,000 of a RC

A

EXEMPT

57
Q

PCSO and lotto winnings <= 10,000 of a RA

A

EXEMPT

58
Q

PCSO and lotto winnings <= 10,000 of a NRC

A

EXEMPT

59
Q

PCSO and lotto winnings <= 10,000 of a DC

A

EXEMPT

60
Q

PCSO and lotto winnings <= 10,000 of a RFC

A

EXEMPT

61
Q

PCSO and lotto winnings <= 10,000 of a NRFC

A

25%

62
Q

Informer’s Tax Reward of a RC

A

10%

63
Q

Informer’s Tax Reward of a RA

A

10%

64
Q

Informer’s Tax Reward of a NRA-ETB

A

10%

65
Q

Informer’s Tax Reward of a NRC

A

10%

66
Q

Informer’s Tax Reward of a NRA-NETB

A

10%

67
Q

Informer’s Tax Reward of a DC

A

10%

68
Q

Informer’s Tax Reward of a RFC

A

10%

69
Q

Informer’s Tax Reward of a NRFC

A

10%

70
Q
A
71
Q

Local Currency Deposit - Short Term - RC

A

20%

72
Q

Local Currency Deposit - Short Term - RA

A

20%

73
Q

Local Currency Deposit - Short Term - NRC

A

20%

74
Q

Local Currency Deposit - Short Term - NRA-ETB

A

20%

75
Q

Local Currency Deposit - Short Term - NRA-NETB

A

25%

76
Q

Local Currency Deposit - Short Term - DC

A

20%

77
Q

Local Currency Deposit - Short Term - RFC

A

20%

78
Q

Local Currency Deposit - Short Term - NRFC

A

25%

79
Q

Local Currency Deposit - Long-Term - RC, NRC, RA, NRA-ETB

A

EXEMPT

80
Q

Local Currency Deposit - Long-Term - DC, RFC

A

20%

81
Q

Local Currency Deposit - Long-Term - NRA-NETB, NRFC

A

25%

82
Q

Local Currency Deposit - Pre-Termination of less than 3 years - RC, NRC, RA, NRA-ETB, DC, RFC

A

20%

83
Q

Local Currency Deposit - Pre-Termination of 3 to less than 4 years - RC, NRC, RA, NRA-ETB

A

12%

84
Q

Local Currency Deposit - Pre-Termination of 4 to less than 5 years - RC, NRC, RA, NRA-ETB

A

5%

85
Q

Local Currency Deposit - Pre-Termination of 3 to less than 4 years - DC, RFC

A

20% (no pretermination for corporations)

86
Q

Local Currency Deposit - Pre-Termination of 4 to less than 5 years - DC, RFC

A

20%

87
Q

Local Currency Deposit - Pre-Termination of 3 to less than 4 years - NRFC

A

25%

88
Q

Local Currency Deposit - Pre-Termination of 4 to less than 5 years - NRFC

A

25%

89
Q

Local Currency Deposit - Pre-Termination of less than 3 years - NRFC

A

25%

90
Q

Interest Income from FCDUs/EFCDUs - RC, RA, DC, RFC (all residents)

A

15%

91
Q

Interest Income from FCDUs/EFCDUs - NRC, NRAs, and NRFC (non-residents)

A

EXEMPT

92
Q

Interest Income of FCDUs/EFCDUs - RC, RA, DC, RFC (all residents)

A

10%

93
Q

Interest Income of FCDUs/EFCDUs - NRC, NRAs, and NRFC (non-residents)

A

EXEMPT

94
Q

Tax-free covenant bonds - RC, NRC, RA, NRA-ETB, NRA-NETB

A

30%

95
Q

Tax-free covenant bonds - DC, RFC

A

RIT

96
Q

Tax-free covenant bonds - NRFC

A

25%

97
Q

Dividend from domestic corp - RC, RA, NRC

A

10%

98
Q

Dividend from domestic corp - NRA-ETB

A

20%

99
Q

Dividend from domestic corp - NRA-NETB

A

25%

100
Q

Dividend from domestic corp - DC, RFC

A

EXEMPT

101
Q

Dividend from domestic corp - NRFC (subject to tax sparing rule, otherwise 25%)

A

15%

102
Q

Dividend from foreign corp. - RC, DC

A

RIT

103
Q

Dividend from REIT - NRC, DC, RFC

A

EXEMPT

104
Q

Dividend from REIT - RC, RA

A

10%

105
Q

Dividend from REIT - NRA-ETB, NRA-NETB, NRFC

A

<10%

INTEGTAX (5 decks)

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