Practice question
What relationship ordinarily identifies remuneration as compensation income?
- An employer-employee relationship
- Any buyer-seller relationship
- A bank-depositor relationship alone
- A donor-donee relationship alone
- Any relationship between relatives
Legal references
- RR 8-2018, Section 2: https://bir-cdn.bir.gov.ph/local/pdf/RR%20No.%208-2018.pdf
Answer this question in flashcards to review your response and continue practicing.