TAXATION

TAXATION

University

10 Qs

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TAXATION

TAXATION

Assessment

Quiz

Social Studies

University

Practice Problem

Medium

Created by

Mariel Calayan

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The sources of revenue taken as a whole should be sufficient to meet the expanding expenditures of the government regardless of business conditions, export, taxes, trade balances, and problems of economic adjustment, this cannon of a sound tax system referred to as:

Fiscal Adequacy

Theoretical Justice

Administrative Feasibility

Siombiotic Relationship

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not among the inherent limitations of the power to tax?

The tax revenues must only be used for public purpose.

 There should be proper delegation of legislative power to tax.

There are territorial jurisdictions.

Equal protection of the law

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In  2015,   Mr.Canes,   a   Filipino  and   permanent   resident   of   Oslo, Norway,   purchased   a   two-bedroom  condominium unit at Rockwell, Makati City for the  use of his  family members. The purchase price  came from his earnings in Norway. In 2017, he decided to sell the unit to Mr. Hockey, a permanent  resident of London. The contract was entered into in Oslo, and was paid for in Euros. Mr. Hicks  intended  to use the proceeds to purchase a coffee shop in Boracay. For purposes of Philippine Taxation, the sale of the condominium unit shall:

Not be subject to tax because the transaction was between parties who are not Philippine residents.

Be taxable because the condominium is a real property located within Philippine territory.

Not subject to tax because the transaction was consummated outside the Philippine territory and paid in foreign currency.

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

This was a general tax during Spanish Period paid by the Filipinos to Spain which amounted to eight reales and paid by 18 to 50 years old males.

Sanctorum

Tributo

Donativo de Zamboanga

Donativo de Zamboanga

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This was a tax during Spanish Period paid by the Filipinos to Spain in the amount of 3 reales. These were required for the cost of Christianization, including the construction of the churches and the purchase of materials for religious celebrations.

Sanctorum

Tributo

Donativo de Zamboanga

Caja de comunidad

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Statement A.  Abolition of the hated Tribute and its replacement of Cedula Tax was under the Tax Reform of 1886.

Statement B. Reduction of the 40-day annual forced labor (polo) to 15 days was under Tax Reform of 1884.

Statement A is true and Statement B is false

Statement B is true and Statement A is false

Both statements are true

Both statements are false

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under what period when Cedula taxes were actually abolished and later a residence tax was imposed.

Spanish Period

Commonwealth Period

American Period

Japanese Period

 

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