INCOME TAX

They exist independent of the constitution being fundamental power of the state, except

• Power of taxation

• Police power

• Power of eminent domain

• Power of recall

Which statement is wrong?

• The power of taxation may be exercised by the government, its political subdivisions and public utilities

• Generally, there is no limit on the amount of tax that may be imposed

• The money contributed as tax becomes part of public funds

• The power to tax is subject to inherent and constitutional limitations

The strongest of all inherent powers of the government is

• Power of taxation

• Police power

• Power of eminent domain

• Power of recall

S1: The constitution is the source of the State's taxing power

S2: The police power of the government may be exercised through taxation

• Only statement 1 is correct

• Only statement 2 is correct

• Both statements are correct

• Both statements are incorrect

The power to demand proportionate contribution from persons and property to defray the necessary expenses of the gov't

• Power of taxation

• Police power

• Power of eminent domain

• Power of recall

Which of the following requires public improvement?

I. Taxation

II. Police Power

III. Eminent domain

• I only

• I and II only

• III only

• II and III only

The power to acquire private property upon payment of just compensation for public purpose

• Power of taxation

• Police power

• Power of eminent domain

• Power of recall

The following are the similarities among the fundamental Powers of the State except

• They can be abolished by the Constitution

• They constitute the three methods by which the State interferes with private property rights

• Each presupposes an equivalent compensation to the inhabitants

• The emergence of the State carries with it these fundamental powers

Which of the following statements is correct?

I. Taxes are pecuniary in nature

II. It co-exist with the existence of the State

III. Imposed on person and property beyond the territorial jurisdiction of the State

• I only

• II only

• I and II only

• I, II and III

S1: Taxation and Police Power may be exercised simultaneously

S2: In the exercise of taxation, the State can tax anything at anytime and at any amount

• Only statement 1 is correct

• Only statement 2 is correct

• Both statements are correct

• Both statements are incorrect