Optional Standard Deduction

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1. If an otherwise eligible taxpayer does not signify the OSD election in the return, what method does the statutory defau… Multiple Choice Easy
2. An employee earns only compensation from an employer-employee relationship and claims OSD against that salary. No busin… Multiple Choice Medium
3. A nonresident citizen has qualifying taxable Philippine business income and otherwise satisfies the OSD conditions. An … Multiple Choice Medium
4. A mixed-income resident citizen has PHP500,000 fully taxable compensation and PHP1 million qualifying business gross sa… Multiple Choice Hard
5. A purely self-employed individual validly elects the8% option under Section24(A)(2)(b). The taxpayer then deducts an ad… Multiple Choice Hard
6. Explain why OSD eligibility cannot be decided from the word nonresident alone. Compare a nonresident citizen, a nonresi… Essay Medium
7. An eligible taxpayer makes no OSD election and claims that the statutory default guarantees allowance of all actual exp… Essay Medium
8. A mixed-income taxpayer uses graduated rates for qualifying business income and elects OSD there, while earning taxable… Essay Medium