BAM 031: INCOME TAXATION
Authored by Samantha Sasuman
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University
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30 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Statement 1: Taxation is a mode of raising revenue for public purposes.
Statement 2: Taxation is the exercise of the sovereign power to raise revenues.
Only Statement 1 is correct
Only Statement 2 is correct
Both Statements are correct
Both Statements are incorrect
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Statement 1: The imposition of the tax is generally an executive act.
Statement 2: The taxing power is exercised by the President.
Only Statement 1 is correct
Only Statement 2 is correct
Both Statements are correct
Both Statements are incorrect
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Statement 1: Imposition of the tax is the process of determining the correct amount of tax due.
Statement 2: Assessment is the process of determining the correct amount of tax due.
Only Statement 1 is correct
Only Statement 2 is correct
Both Statements are correct
Both Statements are incorrect
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Statement 1: Collection and payment is the act of compliance with the tax law by the taxpayer.
Statement 2: Tax assessment is essentially executive in nature.
Only Statement 1 is correct
Only Statement 2 is correct
Both Statements are correct
Both Statements are incorrect
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
All of the following are inherent powers of government, except;
The Power to Tax
Police Power
Lifeblood Theory
Power of Eminent Domain
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Statement 1: The power to tax is subject only to inherent limitations.
Statement 2: The power to tax is subject only to constitutional limitations.
Only Statement 1 is correct
Only Statement 2 is correct
Both Statements are correct
Both Statements are incorrect
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Statement 1: The power to tax is unlimited in nature.
Statement 2: The power to tax is comprehensive in nature
Only Statement 1 is correct
Only Statement 2 is correct
Both Statements are correct
Both Statements are incorrect
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