Jumelzoletamacarubboidn
Answered

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25. Which of the following types of income is not typically associated with passive income?
A. Interest income
B. Salary
C. Dividends
D. Rovalties

26. John has been working for a company for several years. Recently, the company announced a downsizing due to e to economic challenges. Therefore, John nas been terminated in which of the following circumstances is separation pay typically provided to to employees like John?
A. Promotion
B. Resignation
C. Hiring
D. Performance appraisal

27. If a prize is from a sport recognized by the Philippines Olympics Committee (POC), what is the taxation status? A) 10% tax B) 15% tax C) 20% tax D) Exempted from tax 28. These are the following taxability of classifications of income EXCEPT:
A. Deductible Loss
B. Passive Income
C. Capital Gains
D. Profession or Business Income

explain your answer.​

Sagot :

Youareincredibleidn

25. B. Salary - Salary is not passive income, it is earned through active work.

26. B. Resignation - Separation pay is typically given upon termination, not resignation.

27. D. Exempted from tax - Prizes from POC recognized sports are exempt from tax.

28. A. Deductible Loss - Deductible losses can reduce tax liability but are not a classification of income.

NoahBadillaidn

ECONOMICS

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25.) Which of the following types of income is not typically associated with passive income?

  • B. Salary

The answer will be B. Salary because salary is the income that is earned through working directly.

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26.) John has been working for a company for several years. Recently, the company announced a downsizing due to economic challenges. Therefore, John has been terminated. In which of the following circumstances is separation pay typically provided to employees like John?

  • B. Resignation

The answer will be B. Separation because John didn't resign voluntarily. Separation pay is given in cases of involuntary resignation caused by economic challenges like downsizing, the one given above. To be simple, John didn't want to be terminated, but the company had to terminate John due to economic challenges, and a separation pay will be given to John in exchange.

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27.) If a prize is from a sport recognized by the Philippines Olympics Committee (POC), what is the taxation status?

  • D. Exempted from tax

The answer will be D. Exempted from tax because prizes from sports by the POC are exempted from tax in the Philippines.

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28.) These are the following taxability of classifications of income EXCEPT:

  • A. Deductible Loss

The answer will be A. Deductible loss because it's not a taxable income.

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