Taxation Quiz

Taxation is the process by which our government raises income to pay its necessary

• assets

• expenses

• income

• taxes

Its a kind of income received by employees working in different companies. It is often in the form of salaries, bonuses, and allowances.

• Compensation Income

• Gross Income

• Passive Income

• Police power

The primary purpose of taxation is to provide the proper _________needed to run the government.

• assets

• compensation

• expense

• funding

The government's power to take private property, upon payment of just compensation, is to be used for a public purpose.

• Administrative Feasibility

• Eminent Domain

• People Power

• Police Power

The government's power to collect taxes which used to finance the different projects needed by the people.

• Administrative Feasibility

• Eminent Domain

• People Power

• Police Power

The process by which our government, through our lawmakers, raises income to pay its necessary expense.

• Code of Ethics

• Tax

• Taxable

• Taxation

The burden of taxation should be proportionate to the ability of the taxpayer to pay it. What principle is this?

• Administrative Feasibility

• Fiscal Adequacy

• People Power

• Theoretical Justice

this is the power of our government to make laws that will promote public health, morals, safety, and welfare.

• Administrative Feasibility

• Eminent Domain

• People Power

• Police Power

He or she is a citizen of a foreign country but resides here in the Philippines during the taxable year.

• A non- resident citizen

• Non- resident alien

• Resident alien

• Resident Citizen

A citizen of a foreign country and does not reside here in the Philippines.

• A non- resident citizen

• Non- resident alien

• Resident alien

• Resident Citizen