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Questions and Answers
What is taxation?
What is taxation?
- The process of privatizing government services to raise income.
- The process of reducing government expenses by cutting programs.
- The process of borrowing money from other countries to fund government expenses.
- The process of raising income to defray the necessary expenses of the government. (correct)
What is the reason for levying and collecting taxes?
What is the reason for levying and collecting taxes?
- To fund personal projects of government officials.
- To raise income for the government. (correct)
- To provide subsidies for private businesses.
- To reduce government expenses.
What are the sources of tax laws in the Philippines?
What are the sources of tax laws in the Philippines?
- RA 8424 NIRC of 1997, RA 10963 TRAIN/CREATE, City/Municipal Ordinances, Barangay Ordinances.
- 1987 Constitution, RA 8424 NIRC of 1997, City/Municipal Ordinances, Barangay Ordinances.
- 1987 Constitution, RA 8424 NIRC of 1997, RA 10963 TRAIN/CREATE, City/Municipal Ordinances, Barangay Ordinances. (correct)
- 1987 Constitution, RA 10963 TRAIN/CREATE, City/Municipal Ordinances, Barangay Ordinances.
What is taxation?
What is taxation?
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What is the reason for levying and collecting taxes?
What is the reason for levying and collecting taxes?
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What is the source of power that gives the government the right to tax citizens and properties within its jurisdiction?
What is the source of power that gives the government the right to tax citizens and properties within its jurisdiction?
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