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WorksheetsLM 316 Prelim Quiz
Total questions: 16
Worksheet time: 8mins
Enforced proportional and pecuniary contributions from person and property levied by the law-making body of the state having jurisdiction over the subject of the burden for the support of the government and all public needs.
Taxes
Toll
Penalty
Special Assessment
The following are true, except:
Taxes are levied by the Executive branch through the Philippine President.
Taxes are levied for public use.
Taxes are levied against persons and property.
Taxes are generally payable in money.
The following are the nature of the power of taxation, which one refers to taxes as created by the law-making body of the State?
It is inherent in sovereignty
It is legislative in character
It is subject to Constitutional limitations
It is subject to Inherent limitations
Levying or imposition of tax is:
Judicial in nature
Executive in nature
Administrative in character
Legislative in nature
Assessment of taxes is essentially
Administrative
Legislative
Judicial
Punitive
The legislature can exercise their power to tax through:
Determining the amount or rate of tax
Going after tax evaders
Performing assessment for income earners who are Resident Citizens
Accepting payments of taxes quarterly
The following are true for the non-revenue objectives of taxation, except:
Providing tax refunds and credits
Protection of local industries
Strengthening anemic enterprises
Bargaining tool
This sound principle of taxation system refers to the taxpayers ability to pay
Fiscal adequacy
Theoretical justice
Administrative feasibility
Reduction of inequalities
This is a tax on the enjoyment of a profession, skills, or privileges
Excise
Poll
Personal
Property
This is a classification of taxes in the determination of amount particularly if it is according to value:
Specific
Ad valorem
Excise
Poll
The general purpose of taxation is
Raise revenue
Regulation of conduct
Compensation of officers issuing licenses
Restriction of obnoxious products
A sum of money for the use of something, generally applied to consideration which is paid for the use of road, bridge or the like, of a public nature.
Taxes
Toll
Poll
Excise
Any sanction imposed as a punishment for violation or acts deemed injurious. Thus, the violation of tax laws may give rise to imposition of penalty.
Personal
Toll
Penalty
License
An enforced proportional contribution from owners of lands especially or peculiarly benefited by public improvements.
Special Assessment
Estate taxes
Inheritance taxes
Donors taxes
A charge imposed under the police power for purposes of regulation.
License
Penalty
Toll
Special Assessment
a pecuniary aid directly granted by the government to an individual or private commercial enterprise deemed beneficial to the public .
(a)
