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How Much Do You Know About Taxation in the Philippines?
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How Much Do You Know About Taxation in the Philippines?

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Questions and Answers

What is the primary purpose of taxation?

  • To achieve social equality
  • To raise revenue for the government (correct)
  • To regulate prices
  • To promote economic growth

    • What is the inherent power of the government that allows them to enact laws to promote public health, morals, safety, and welfare?

  • Taxation
  • Police Power (correct)
  • Executive Power
  • Eminent Domain

    • What is the power of the state to take private property for public use upon payment of just compensation?

  • Eminent Domain (correct)
  • Police Power
  • Taxation
  • Executive Power

    • What is the primary objective of taxation?

    <p>To raise revenue for the government</p> Signup and view all the answers

    Which branch of the Philippine government is responsible for law-making?

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

    What is eminent domain?

    <p>The power of the state to take private property for public use upon payment of just compensation</p> Signup and view all the answers

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