Active vs. Passive Income

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1. Under NIRC Section 22(MM), introduced by RA 12214, passive income is characterized by what earning source? Multiple Choice Easy
2. Which activity most clearly generates active business income on the stated facts? Multiple Choice Easy
3. Does calling a receipt a royalty conclusively establish the current passive-royalty final tax without examining its ear… Multiple Choice Easy
4. A resident citizen opens a new ordinary foreign-currency bank deposit in 2026. Its interest is Philippine-source income… Multiple Choice Medium
5. A resident citizen receives Philippine-source royalties on a book, stipulated to be earned as passive income and covere… Multiple Choice Medium
6. A resident citizen operates a profitable repair shop and also earns covered Philippine-source interest on an ordinary b… Multiple Choice Hard
7. A resident citizen receives two Philippine-source royalty streams in 2026: passive royalties from a book and passive ro… Multiple Choice Hard
8. Explain why an individual who runs a business can also receive passive income without every receipt becoming business o… Essay Medium
9. Discuss the significance of RA 12214 for analyzing bank-deposit interest in a 2026 problem. Essay Medium
10. Why is it inaccurate to classify all royalties as passive and all passive income under one uniform final rate? Essay Medium
11. For a resident citizen, what final rate applies under current Section 24(B)(2) to covered cash or property dividends fr… Multiple Choice Easy
12. Under amended Section 24(B)(1), a Philippine-source ordinary prize of exactly P10,000 is directed to which treatment fo… Multiple Choice Easy