Directions: Read each sentence carefully and detemine whether the statement is TRUE or FALSE. 1. The Philippine individual income tax is characterized by increasing tax rate as the tax base increases....

Extracted text: Directions: Read each sentence carefully and detemine whether the statement is TRUE or FALSE. 1. The Philippine individual income tax is characterized by increasing tax rate as the tax base increases. 2. Income tax is a tax on the net income or the ertire income realized in one taxable year less deductions allowed by law. 3. An employee eaming purely compensation income is exempt from filing an income tax retum anly if his or herincome taxes were properly withheld by the employer. 4. Social Security System (SSS) contributions are required from individuals who are employed in the public sector. 5. Taxable income represents the amount of tax required to be paid to the BIR. 6. Ms. A eams a gross salary of Pl0,000 during the month of May 2019. Ms. A's SSS, PhilHealth, and Pag-IBIG contributions for the month of May amounted to P2,000. Ms. A's taxable income is P8,000. 7. Tax due is gross income mins the deductions allowed by law. 8. Compensation income is income that is typically derived from self-employment. 9. Mr. B is a non-resident citizen. He works abroad. Mr. B's income derived from his work abroad is ot taxable here in the Philippines. 10. Mr. A is a resident citizen. All the income of Mr. A, whether eamed here in the Philippines or abroad, is subject to taxation