MODIFIED TRUE OR FALSE. State “TRUE” if the statement is correct and “FALSE” if it is incorrect, then changed it by giving the right answer. Write your answer on a separate sheet of paper. 1. A taxpayer can obtain more than one tax identification number if he or she derives income from more than one source. 2. The "take-home pay" of an employee is already net of tax. 3. Taxes on regular employees’ salaries are typically withheld either on a monthly or a semi-monthly basis.
MODIFIED TRUE OR FALSE. State “TRUE” if the statement is correct and “FALSE” if it
is incorrect, then changed it by giving the right answer. Write your answer on a
separate sheet of paper.
1. A taxpayer can obtain more than one tax identification number if he or she derives
income from more than one source.
2. The "take-home pay" of an employee is already net of tax.
3. Taxes on regular employees’ salaries are typically withheld either on a monthly or a
semi-monthly basis.
4. Aside from taxes, contributions to SSS/GSIS, PhilHealth, Pag- IBIG, and Union dues,
if any, also reduce the "take-home pay" of an employee.
5. A taxpayer obtaining more than one TIN for himself/herself is punishable by law
through monetary fines or imprisonment.
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