Practice question
In Pacquiao’s security-computation discussion, amount claimed refers to what?
- Principal deficiency taxes, excluding penalties, interest and surcharges
- Every amount including all additions without distinction
- Only the auditor’s personal expenses
- Only the taxpayer’s gross assets
- A sum privately chosen by a bank
Legal references
- Spouses Pacquiao v CTA GR213394 April6,2016 MAIN: https://lawphil.net/judjuris/juri2016/apr2016/gr_213394_2016.html MAIN preliminary inquiry and security computation.
- RA9282 amending RA1125: https://lawphil.net/statutes/repacts/ra2004/ra_9282_2004.html Section11 as amended.
- NIRC: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html Section218 national collection restriction.
Answer this question in flashcards to review your response and continue practicing.