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Accounting Performance Task

Name ________________________
Across
It is the imposition of financial charges or other levies upon a taxpayer
Refers to the national internal revenue taxes imposed and collected by the national government through the BIR etc.
A 12% tax on gross sale/receipts of goods/services which is usually passed on to the buyers
Any commercial activity engaged in production or service as means of livelihood
An accounting period of twelve months ending on the last day of any month other than December
Tax imposed on the transfer of the property by way of gift inter vivos
Refers to those imposed and collected by the local government
Tax on earnings of individuals or corporations
It implies that the existence of the government is a necessity and that it cannot continue without a means to pay its expense
Down
Is any person subjected to tax
Is the mandatory submission of financial and non-financial information to a government agency
Lifeblood of the nation
Tax imposed on products that are considered as harmful or non-essential goods
Applies to a foreign corporation not engaged in trade or business in the Philippines but derives earnings from fixed determinable income in the Philippines
The pertinent items of gross income specified in the Tax Code
A corporation created or organized in the Philippines under laws
Imposed and collected by the local government
An association of individuals, created by law or under authority of law
Means a foreign individual whose residence is within the Philippines
Tax on the transfer of the net estate of a decedent to heirs
Shall refer to a worker in the private sector paid the statutory minimum wage or to an employee in the public sector