Practice question
Which receipt most clearly arises from independent professional practice rather than employment?
- A bank’s interest payment to a depositor
- A shareholder’s dividend
- An architect’s fee for independently serving a client without an employment relationship
- A genuine family gift
- A salaried employee’s monthly wage
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.