Income Tax Quiz

The following are the characteristics of special assessment, except

• It is levied only on hand

• It is based on the government's need of money to support its legitimate objectives.

• Did not result to personal liability of the person assessed.

• It is based solely on the benefits derived by the owners of the land.

The following forms of escape from taxation result to loss of revenue to the government, except

• Evasion

• Shifting

• Exemption

• Avoidance

Which of the following is not an element of double taxation?

• Basis of taxation

• The same amount

• Two taxes

• Same year

• Same subject matter

As regard a revenue bill, which of the following is not correct?

• The House of Representative may propose amendments if the bill originates from the Senate

• The Senate may propose amendments if the bill originates from the House of Representative

• A House of Representative version and a Senate version approved separately and then consolidated with both houses approving the consolidated person

• The President may recommend a revenue bill to congress.

One of the following is the list of principle of sound tax system

• Administrative Feasibility

• Economic Consistency

• Fiscal adequacy

• Theoretical justice

One of the characteristics of a tax is that it is

• Based on the taxpayers ability to pay

• Generally unlimited in amount

• Superior to the non-impairment clause of the constitution

• Legislative in implementation.

A scope of the power taxation which means that taxation covers many things

• Comprehensive

• Unlimited

• Plenary

• Supreme

All are essential characteristics of a tax except

• It is generally payable in money

• Imposed on persons and properties

• Payment of the tax is mandatory

• It is proportionate in character

The following are the objects of taxation except

• Corporations

• Municipal halls

• Intangible property

• Citizens

It is based from a rate of the tax base such corporate income tax

• Fiscal Adequacy

• Theoretical Justice

• Progressive tax

• Proportionate tax