TAXATION IDENTIFICATION ---Determine the word or phrase defined, described or needed in each statement. ...
80.2K
Verified Solution
Link Copied!
Question
Accounting
TAXATION
IDENTIFICATION ---Determine the word or phrase defined, described or needed in each statement.
Marcelito, a Filipino professional singer, was engaged to guest in different television shows in various countries around the world during the current taxable year. He stayed abroad most of the time during the year. Classify Marcelito as a taxpayer.
An alternative form of obtaining funds from the public, other than deposit, through the issuance, endorsement, or acceptances of debt instruments for the purpose of relending or purchasing or receivables and other obligations.
A person formally certified by a professional body belonging to a specific profession by virtue of having completed a required course of study or practice, whose competence can usually be measured against an established set of standards.
It is a right on property, real or personal, held by one party for the benefit of another. It may be created by will under which title to a property is passed to another for conservation or investment, with the income therefrom and ultimately the principal (object) to be distributed in accordance with the directions of the creator as expressed in the governing instrument.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
