40. al. a. 8. 4s. 46. 47. 48. 4. 50. st. 32. b. Donation to an association ©. Donation to an educational institution accredited by CHED a. Allofthese ‘Which of the following obligations, even if assumed by the done, isnot deductible in camputing net gift? 3, Mortgage payable ¢. Donor's tax b. Real property tax 4, allofthese Which of these donation to a non-profit institution are exempt from donor's tax? 1, Donations restricted by the donor for salaries of staff of the non-profit institution . Donations restricted by the donor for utilities expenses of the non-profit institutions ©, Donations restricted by the donor to be used only for program expenses 4. Allofthese Obligations, if assumed by the donor, are? a. Deductible by residents or citizens c. Deduetible by any donor b. Deductible by non-resident aliens 4. Never deduetible Statement 1: Where property is transferred during a person's lifetime for less than adequate and fall consideration in money or money's worth, then the amount which the value of the property exceeded the value of the consideration shall, for the purpose of donor's tax, be deemed gift. Statement 2: Encumbrance on the property donated, if assumed by the donor, is deductible for donor's tax purposes. ‘Which is true? a Statement 1 c. Both statements b. Statement 2 4. Neither statements ‘Which is correct regarding the exemption of donation to non-stock and non-profit institution? a. IE-must be made to accredited institutions only? , Itmust be made to bona fide non-profit institutions, whether accredited or not. The donor must be resident or a citizen of the Philippines 4. Tho property donated must be situated in tho Philippines at the date af donation Donations in the tex retum is presented on a cursulative year-to-date basis. This is true to? 8. Donations to individuals only Donation to juridical persons only . Both donations to individual and donation to corporations 4, Donations made in the Philippines only ‘Which is not a requires disclosure in the donor's tax return? Current and past gifts during the year Name of done b. Donations made last year 4. Deductions claimed ‘Which is not included in the net git? a. ‘Transfers to the government b. ‘Transfers to non-profit and non-stock charitable institutions . Portion of the fair value of the property adequately paid for 4. Allofthese ‘Which of the these is not included in net gift? a, Dowry gift toa step-child ©. Giflto relatives b. Giftto spouse 4. Gif'toa stranger ‘Which is not entitled to claim tax eredit for foreign donor's tax paid? a. Resident alien c. Non-resident citizen b. Resident citizen 4. Non-resident alion ‘Where the doaor has no residence in the Philippines, the donor's tax return shall be iled with? a. The office ofthe president b, The office ofthe commissioner ¢, Anauthorized govemment depository bank near the residence of the done d. ‘The revenue district office having jurisdiction over the place where the done is located ‘Which of the following properties, when donated, are not subject to donor’s tax tothe wife? Capital properties ‘€. Common properties b. Paraphernal properties 4 Bande ‘Mr. and Mis. Gaspar donated a piece of land to Mr. Lee in accordance with the wishes of Don Silvano, Mr. Gaspar's father, Don Silvano donated the property to Mr. Gaspar as the first donee with Mr. Lee as the second done. Which is correct? 8, Only Mr. Gaspar shal file the donor's tax return b. Both Mr. Gaspar and Mrs. Gaspar shall file separate donor's tax return ©, The gift is exempt from donor's tax