1.1 General Principles

1.1 General Principles

University

43 Qs

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1.1 General Principles

1.1 General Principles

Assessment

Quiz

Other

University

Easy

Created by

CPA Top 1

Used 1+ times

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43 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The primary purpose of taxation is

To enforce contribution from its subject for private purpose

To raise revenue for the government

To achieve economic and social stability

To regulate the conduct of business or profession

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Select the incorrect statement

the power of eminent domain may be exercised by any private entity

by police power, the property taken is destroyed

by eminent domain, the property taken is preserved

eminent domain and taxation affects only property rights

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the theory of taxation?

necessity

constitutionality

reciprocal duties of support and protection

public purpose

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the basis of taxation?

constitutionality

public purpose

necessity

reciprocal duties of support and protection

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The point in which tax is levied is called?

impact of taxation

situs of taxation

incidence of taxation

assessment

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the impact and incidence of taxation are merged into the statutory taxpayer, the tax is called?

personal tax

direct tax

indirect tax

national tax

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an administrative act in taxation?

collection of taxes

fixing the rate of the tax

determination of the subject of the tax

determination of the purpose of the tax

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