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TAXATION IDENTIFICATION 9) These are facilities and privileges which are relatively of small value and...

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Accounting

TAXATION

IDENTIFICATION

9) These are facilities and privileges which are relatively of small value and are offered or furnished by the employer to employees merely as a means of promoting the health, goodwill, contentment or efficiency of employees.

10) This arises when two or more heirs or beneficiaries inherit an undivided property from a decedent, or when a donor makes a gift of an undivided property in favor of two or more donees.

TRUE OR FALSE: If the statement is FALSE, write FALSE and explain why.

1. The Commissioner of Internal Revenue can delegate the power to compromise or abate tax liability.

2.The BIR is under the control and supervision of the Commissioner of Internal Revenue.

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