1.1 General Principles

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CPA Top 1
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43 questions
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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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