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Philippine Taxation Quiz

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Questions and Answers

What is a characteristic of taxation?

It is voluntary and dependent upon the will of the person taxed.

It is generally payable in forms other than cash.

It is not proportionate in character.

It is enforced contribution and not voluntary in nature. (correct)

What is the common definition of taxation?

It is the means of government in decreasing its revenue under the authority of the law.

It is the process by which the sovereign raises revenues to defray government expenses. (correct)

It is the process by which the sovereign promotes welfare without using revenues.

It is the collection of individual income without government authority.

How is payment of taxes generally made?

It is generally payable in forms other than cash.

It is generally payable in cash. (correct)

It is generally payable in foreign currency.

It is generally payable in kind or promissory notes.

On what is the payment of taxes based according to the principle of taxation?

<p>The ability to pay principle; the higher income of the taxpayer, the bigger amount of tax paid.</p> Signup and view all the answers

Who has jurisdiction over the persons, properties, acts, rights, or transactions subject to taxation?

<p>The state which has jurisdiction over the person or property.</p> Signup and view all the answers

Study Notes

Characteristics of Taxation

One characteristic of taxation is that it is a compulsory levy imposed by the government.

Definition of Taxation

Taxation is commonly defined as the process of imposing and collecting taxes by the government.

Payment of Taxes

Payment of taxes is generally made in cash or by other means of payment accepted by the government.

Principle of Taxation

According to the principle of taxation, the payment of taxes is based on the ability to pay, which is often determined by an individual's income or wealth.

Jurisdiction of Taxation

The government or its designated authorities have jurisdiction over the persons, properties, acts, rights, or transactions subject to taxation.

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Description

Test your knowledge of taxation in the Philippines with this quiz. Explore the definitions, principles, and concepts of taxation while preparing for exams or expanding your understanding of tax laws in the country.