Government Revenue Generation Quiz
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Questions and Answers

The proportional contribution by persons and property levied by the lawmaking body of the state by virtueof its sovereignty for the support of the government and all public needs is referred to as:

  • Tax (correct)
  • License fee
  • Special assessment
  • Penalty
  • One of the characteristics of tax is that it is generally: (

  • Based on contract
  • Payable in money (correct)
  • Assignable
  • Optional
  • All of the following, except one, is an essential characteristic of a tax. exception?

  • It is based on ability to pay (correct)
  • It is an enforced contribution
  • It is generally payable in money
  • It is proportionate in character.
  • Which of the following is not an example of a direct tax?

    <p>Business tax</p> Signup and view all the answers

    A kind of tax system where rate increases as the tax base increases.

    <p>Progressive tax</p> Signup and view all the answers

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

    <p>One in which there is generally no limit on the amount that may be imposed</p> Signup and view all the answers

    Which of the following is designed to regulate conduct?

    <p>Penalty</p> Signup and view all the answers

    Which of the following is generally based on contract?

    <p>Penalty</p> Signup and view all the answers

    All of the following, except one, are characteristics of a toll

    <p>Levied for the support of the government</p> Signup and view all the answers

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