Practice question
Under Section450(c), are specific funds, transfers and non-recurring income included in the stated average annual income?
- Yes, every receipt is necessarily included
- No; those are expressly excluded
- Only transfers are mandatory inclusions
- Only non-recurring gifts must be counted
- The statute provides no exclusions
Legal references
- RA 11683: https://lawphil.net/statutes/repacts/ra2022/ra_11683_2022.html; amended Section450(b)-(c).
- 1987 Constitution: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/3/353; ArticleX Section10.
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