WorksheetsIncome Taxation (Prelim Exam)
Total questions: 18
Worksheet time: 18mins
Taxes are raised to cover the cost of governance.
True
False
In the exercise of the power of taxation,
the state can tax anything at any time.
True
False
What are the inherent powers of the State?
(a)
This tax refers to one assessed on all property located within a certain territory on a specified date in proportion to its value.
Property Tax
Personal Tax
Excise Tax
Value-Added Tax
True or False. Taxes are the lifeblood of the government
True
False
It is the process or means by which the sovereign, through its law making body, raises income to defray the necessary expenses of the government.
(a)
An individual who is obligated to pay taxes to the government.
Taxpayers
Tax credit
Taxation
Tax rate
It is the place or political unit where taxation takes place.
Life blood theory
Eminent domain
Situs of taxation
Police power
The power of the state to enact laws to promote public health, public morals, public safety and the general welfare of the people.
Taxation
Eminent Domain
Police Power
All of these
It is the amount of money coming to a person or corporation within a specified time, whether as payment for services, interest or profit investment.
Income
Capital
Asset
All of these
What is the primary purpose of taxation
To enforce contribution
To achieve economic and social stability
To raise revenue
Others
Which limitation of taxation is the concept of "situs of taxation" based?
Territoriality
Public purpose
International comity
Exemption of the government
Taxation is a means by which the national government attempts to:
a. shift wealth from the rich to the poor
b. encourage full employment
c. maintain price stability
d. all of the above
e. only a & c
What is Double Taxation?
Taxing the object or subject within the territorial jurisdiction once
Taxing the object or subject outside the territorial jurisdiction twice
None of the above
Taxing the object or subject within the territorial jurisdiction twice
THE INHERENT POWER OF THE GOVERNMENT ARE PRIMARILY ___________ IN CHARACTER
EXECUTIVE
LEGISLATIVE
JUDICIAL
QUASI-JUDICIAL
All of the following are inherent powers of government, except;
The Power to Tax
Police Power
Lifeblood Theory
Power of Eminent Domain
Which of the following is a limitation on the power to tax?
Fiscal Adequacy
International Comity
Theoretical Justice
Administrative Feasibility
Select from the following the two (2) aspects of taxation:
collection of the tax levied
administrative feasibility
levying of tax
