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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:
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: (
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?
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?
Which of the following is not an example of a direct tax?
A kind of tax system where rate increases as the tax base increases.
A kind of tax system where rate increases as the tax base increases.
The distinction of tax from permit or license is that a tax is:
The distinction of tax from permit or license is that a tax is:
Which of the following is designed to regulate conduct?
Which of the following is designed to regulate conduct?
Which of the following is generally based on contract?
Which of the following is generally based on contract?
All of the following, except one, are characteristics of a toll
All of the following, except one, are characteristics of a toll
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