Public Fiscal Administration Final Exam

What does the principle of equity in taxation refer to?

Answer explanation

a) Ensuring taxes are easy to understand and comply with

b) Distributing tax burdens fairly based on taxpayers' ability to pay

c) Increasing tax rates for higher-income individuals

d) Charging the same tax rate for all taxpayers

What is the principle of adequacy in taxation concerned with?

Answer explanation

a) Ensuring tax laws are applied uniformly across all taxpayers

b) Generating sufficient revenue to fund government expenditures

c) Simplifying the tax code to reduce compliance costs

d) Offering tax incentives to encourage certain behaviors

What does Real Property Tax (RPT) refer to?

Answer explanation

a) Taxes imposed on personal income

b) Taxes levied on goods and services

c) Taxes on real estate properties such as land, buildings, and improvements

d) Taxes on imported goods

How is the Real Property Tax assessed in the Philippines?

Answer explanation

a) Based on the taxpayer's age and occupation                  

b) Based on the market or assessed value of the property

c) Based on the taxpayer's income level                                

d) Based on the type of business conducted on the property

 

What factors may influence the amount of Real Property Tax paid by a property owner?

Answer explanation

a) The property owner's political affiliation                          

b) The location, size, and value of the property

c) The property owner's level of education                          

d) The property owner's employment status

 

What are some consequences of non-payment or delinquency in Real Property Tax?

Answer explanation

a) No consequences, as payment is voluntary

b) Exemption from future tax obligations

c) A decrease in the property's market value

d) Imposition of penalties, interest, and possible foreclosure of the property

 

What is the primary objective of Cebu City's Computerization Program?

• To increase opportunities for graft and corruption

• To enhance transparency and efficiency in fiscal administration

• To promote tax evasion and fraud

• To decrease citizen engagement and participation

What is the framework of taxation primarily concerned with?

• Regulating environmental policies

• Managing public transportation systems

• Generating revenue for government operations

• Overseeing healthcare programs

What is the primary role of the Department of Budget and Management (DBM)?

• Enforcing traffic regulations

• Formulating and implementing the national budget

• Managing environmental protection policies

• Overseeing healthcare programs

What is the significance of the COA in the Philippine government?

• It plays a crucial role in promoting transparency and accountability in governance

• It ensures compliance with tax regulations

• It oversees foreign relations and diplomacy

• It manages public education programs