18 Questions
What type of tax is imposed upon an individual, whether citizen or not, residing within a specified territory without regard to their property or occupation?
Personal Tax
Which tax is imposed on real or personal property in proportion to its value?
Property Tax
What type of tax is classified as any tax that is not a poll tax or a property tax?
Excise Tax
Which tax is demanded from the person who cannot shift the burden to another individual?
Direct Tax
Which tax type is intended for one person but the expectation is for them to pass on the burden to another?
Indirect Tax
What type of tax includes taxes like income tax, estate tax, and donor's tax where both the incidence and impact fall on the same individual?
Direct Tax
What type of tax is the excise tax on cigars and liquors based on?
Specific tax
Which tax is levied without a specific or predetermined purpose?
VAT
In which type of tax does the tax rate increase as the base tax decreases?
Regressive tax
What is the characteristic of a progressive or graduated tax?
Tax rate increases as the tax base grows
Which type of tax achieves social or economic goals?
Regulatory tax
Who bears the burden of taxes like VAT and percentage tax initially?
The businesses
What are the elements of a sound tax system according to the text?
Fiscal Adequacy, Theoretical Justice, and Administrative Feasibility
What is the primary principle suggested by 'Theoretical Justice' in a sound tax system?
Taxation based on taxpayers' ability to pay
Which of the following is an example of a National Tax according to the text?
Income Tax
In the context of taxation, what does 'scope' refer to?
The geographical area where the tax is applicable
Which classification of taxes involves taxes imposed on specific goods or services?
Excise Taxes
Based on who bears the burden, which type of tax is designed to be directly shifted onto consumers by producers?
Value-Added Tax (VAT)
Test your knowledge on different types of taxes such as VAT, excise tax, and ad valorem tax, as well as the methods used to determine tax amounts. This quiz covers the incidence, liability, burden shifting, and specific vs ad valorem taxes.
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