MC INCOME TAXATION

D. uniformity rule

Persons belonging to the same class shall be taxes at the same rate. This is in accordance with the______

B. Equity or Theoretical justice

The tax imposed should be proportionate to the taxpayer’s ability to pay according to_____

B. Fiscal autonomy

The following are basic principles of a sound tax system except

D. Subject to approval by the people

One of the following is not a nature of the power of taxation, which is it?

B. People power

Which of the following is not an inherent power of the state?

C. Situs of taxation

The country that has the power and jurisdiction to levy and collect the tax or the place of taxation is the____

A. Basis of taxation

The state has the right to compel contributions as the existence of the government is a necessity p. This is in accordance with the. ______

C. Scope of taxation

Subject to inherent and constitutional limitations, the power of taxation is regarded as supreme, plenary, unlimited and comprehensive

B. Civil in nature

Our national internal revenue laws are_______

C. Aspect of taxation

The levying or imposition of tax and the collection if the tax are processes which constitute the taxation system

C. Avoidance

The use of legal or permissible means to avoid or minimize taxes refers to

C. Evasion

The use of illegal or fraudulent means to avoid or defeat the payment of tax refers to

D. Dodging

The term that is synonymous to tax evasion is known as_____

A. Minimization

The term that is synonymous to tax avoidance is known as_____

D. Shifting

An escape from taxation where the tax burden is transferred by the one to whom the tax is imposed or assessed to another.

B. Personal, poll, or capitation tax

A tax of a fixed amount imposed upon all persons residing within a specified territory without regard to the property they owned or occupation engaged in______

A. Proportional tax

A tax based on a fixed percentage of the amount of property, income or other basis to be taxed is_____

C. House of Representatives

Revenue bills shall originate from the______

C. Uniformity Rule

Which of the following is not an inherent limitation of the power of taxation?

D. Exemption

Which of the following escapes from taxation has no tax incidence

C. They affect all persons or the public

The following are similarities of the inherent powers of taxation, eminent domain and police power, except one, which is it?

C. Generally prospective in operation although the tax statute may nevertheless operate retrospectively, provided it is clearly the legislative intent

One of the characteristics of our internal revenue laws is that they are_____

A. Taxes

The proportional contribution by persons and property levied by the law-making body of the state by virtue of its sovereignty for the support of the government and all public needs us referred to as_______

D. Strictly against the taxpayer

In case of deductions and exemptions on income tax returns, doubts, should be resolved

B. Payable in money

One of the characteristics of a tax is that is generally____

C. Real property tax

Which of the following is not an example of an excise tax

C. Changing the terms of the sale like FOB shipping point in the Philippines to FOB destination abroad, so that title passes abroad instead in the philippines

Which of the following is not a scheme of shifting the incidence of taxation?

D. The provision about taxation in the philippine constitution are grants of power and not limitations on the taxing power

Which of the following statements is not correct?

A. Non-payment does not necessarily render the business illegal

Which of the following distinguishes tax from license fee?

D. Proportional tax

Value added tax, as to rate is an example of_____

B. The amount imposed depends on whether the activity is useful or not

Which of the following statements refers to police power as distinguished from taxation

C. One in which there is generally no limit on the amount that may be imposed

The distinction of a tax from permit or license is that a tax is_____

B. Ad valorem

Tax of a fixed proportion of the value of the property with respect to which the tax is assessed and requires the intervention of assessors or appraisers to estimate the value of such property before the amount due from each taxpayer can be determined is known as___

D. The power of taxation is shared by the legislative and executive departments of government

Which of the following statements is not correct?

B. Due process of law

There can be no tax unless there is a law imposing a hat tax is consistent with the doctrine or principle of_____

C. Both statements are true

Statement 1: the power of taxation is inherent in sovereignty being essential to the existence of every government. Hence, even if not mentioned the constitution the state can still exercise the power

Statement 2: is it essentially a legislative function. Even in the absence of any constitutional provision, taxation power falls to congress as a part of the general power of law making

A. Taxation

In this power of the state, the person who is parting with his money or property is presumed to receive a benefit

D. Eminent domain

There can be a classification of the subject matter being required to shoulder the burden. Which is the exeption?

C. Non-delegation of the power to tax

There can be no tax unless there is a law imposing that tax is in line with the imposition of a constitutional limitation such as_______

D. Same amount

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

D. Statement 1 is wrong while statement 2 is correct

Statement 1: the value added tax is a property tax

Statement 2 the estate tax is direct tax

D. that he will derive no personal benefit from the tax

The taxpayers gives the following reasons in refusing to pay a tax: which is not valid?

C. Fiscal adequacy

Under this basic principle of a sound taxation system, the government should not incur a deficit, which is it?

B. A very broad power of the state

The fact that the legislative body can impose a tax any amount underscores the legal truism that taxation is_____

B. Tax

The amount required is dictated by the needs of he government in____

C. Toll

This is a demand of ownership____