(6).
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- 48 Inday, a resident of Manila City is the executor of Nicanor, a Filipino migrant in Canada. Nicanor’s home province in the Philippines is Pampanga while the property is located in Cebu City. In processing Nicanor’s estate, the estate tax return shall be filed in: Group of answer choices Office of the Commissioner thru RDO 39-South Quezon City Manila City Cebu City PampangaIn the case of the adoption of a child who is not a US citizen or resident of the United States, the credit for qualified adoption expenses is available: Oa. In the last year expenses are paid. Ob. Each year expenses are paid. Oc. In the year the adoption becomes final. Od. In the first year the expenses are paid.63. Goyo, a non-resident citizen, returned to the Philippines on July 1 with the intention of permanently resettling therein. The proper treatment of the income is: Income from January 1 to June 30 Without Exempt Exempt Income from July 1 to December 31 Within Within Without Taxable Exempt Exempt Taxable а. Taxable Тахable b. Taxable Тахable Taxable Exempt Exempt С. d. Taxable Тахable Taxable
- A resident citizen had a family home in the Philippines. Worked abroad and was temporarily absent from his family home when he died. Which of the following statements is correct ? The decedent would not be allowed family home deduction because he was abroad when he died The decedent would not be allowed family home deduction because he was non-resident citizen when he died The decedent would be allowed family home deduction because actual occupancy of the family home was not interrupted or abandoned because of his temporary absence.Pedro Rodríguez Cruz and Mónica Santiago Del Valle, are married under the community property regime and file their income tax return as married filing jointly. Pedro's date of birth is January 1, 1950 and Monica's is February 1, 1955. The couple's address is Urb. Bella Vista, Calle Monte #1, San Juan, PR 00910. Both are citizens of the United States. United States of America, residents of Puerto Rico, have not generated income outside of Puerto Rico, and are not military. During taxable year 2021, they carried out the following activities.Pedro Rodriguez, dba, Medical Equipment & SuppliesPedro, merchant (Salesperson-retail), owns a business on his own (“sole proprietorship”), Medical Equipment & Supplies dedicated to the sale and distribution of medical equipment. The business is located in San Juan. Pedro began operations on January 2, 2012 and works there about 40 hours a week. The result of its operations, under the accrual method and on a tax basis, during 2021 was as…I P2.5 X (44 years) is a citizen of Inda. He leaves India for the first time on September 20, 2019 for the purpose of working on an overseas project of his employer-company: ABC Ltd., an Indian company. He will come back on October 10, 2020. Find out his residential status for the assessment years 2020-21 and 2021-22.
- 48. Mr. A, Filipino, married to B with whom he has two children died on February 14, 2018. The inventory of the properties of the spouses show the following: a. House and lot in Manila owned by A before the marriage b. Agricultural land owned by B before the marriage c. Real property acquired during marriage d Family home acquired during mariage e. Personal property acquired during marriage f. Commercial building in Makati inherited by A during marriage from his father who died on February 14, 1987 & Apartment house inherited by B during marriage from her mother who died on February 14, 2003 h Proceeds of life insurance where the estate A was designated as the irrevocable beneficiary i Proceeds of life insurance where B was designated as the irrevocable beneficiary P3,000,000 1,200,000 2,000,000 2,200,000 1,400,000 2,000,000 4,000,000 1,000,000 2,000,000 Deductions claimed by the estate: 1. Legacy given in favour of Philippines government in deccdent's will P300,000 2. Claims against…A taxpayer who is domiciled in Virginia is forced to relocate to California under military orders. Their spouse joins them in the move. Are they considered residents of California and do they have California source income? Select one: O a. They are not considered residents of California and neither have California source income. b. They are considered nonresidents of California, but the wife is considered to have California source income for income earned in the state during and after the move. O c. They are both considered California residents because they live and work inside California and both have California source income. O d. They are both considered California residents because they live and work inside California, but the service member is not considered to have California source income.A married couple obtain a common law marriage in Texas and live there, filing jointly, for several years. They do not get legally married. They move to California to become permanent residents. What is their filing status in California?
- Once a person moves to a country and reside there for many years then they acquire a new domicile. This is known as Domicile of Choice. Select one:TrueFalseA part year resident for the current year is an individual who either establishes residency in Canada during the current year or alternatively terminates residency in Canada during the current year. a) True b) FalseJackson was born in Albania and is a qualified computer programmer. He is married to June and they have three young children. Jackson and his family migrated to Australia on 9 November 2019. Jackson and his family intend to live permanently in Australia. In relation to Jackson's residency of Australia for tax purposes which of the following statements is correct? a. Jackson will not become a resident of Australia as he must have a domicile of origin in Australia. b. Jackson is a resident of Australia under the Super fund rule from 1 July 2019. c. Jackson is a resident of Australia from 1 July 2019 under the Domicile Rule. d. Jackson is a resident of Australia under the 183 Day Rule.
