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Questions and Answers
What is the nature of payment of tax, according to the text?
What is the nature of payment of tax, according to the text?
- Charitable donation
- Donation
- Enforced contribution (correct)
- Voluntary contribution
In what form is tax generally payable?
In what form is tax generally payable?
- Property
- Gifts
- Money (correct)
- In-kind payments
What is the purpose of the manufacturer paying the Tax and not adding it to the product's price?
What is the purpose of the manufacturer paying the Tax and not adding it to the product's price?
- To avoid paying taxes
- To reduce production costs
- To improve the product quality
- To increase market share (correct)
Why should payment of taxes be based on the ability to pay theory?
Why should payment of taxes be based on the ability to pay theory?
What does 'Exemption' refer to in the context of the text?
What does 'Exemption' refer to in the context of the text?
Who can levy taxes, according to the text?
Who can levy taxes, according to the text?
Which government agency is responsible for collecting taxes as mentioned in the text?
Which government agency is responsible for collecting taxes as mentioned in the text?
Why does Congress have limitations in imposing taxes?
Why does Congress have limitations in imposing taxes?
When should an individual taxpayer file BIR Form 1700 according to the text?
When should an individual taxpayer file BIR Form 1700 according to the text?
Who needs to file BIR Form 1701 according to the text?
Who needs to file BIR Form 1701 according to the text?
Which of the following is NOT considered a source of tax laws?
Which of the following is NOT considered a source of tax laws?
What is the purpose of having exceptions listed on BIR Form 1700?
What is the purpose of having exceptions listed on BIR Form 1700?
What type of tax is imposed upon an individual residing within a specified territory without regard to their property or occupation?
What type of tax is imposed upon an individual residing within a specified territory without regard to their property or occupation?
Which type of tax is imposed on real or personal property in proportion to its value?
Which type of tax is imposed on real or personal property in proportion to its value?
What type of tax is classified as a tax on exercising certain rights and privileges?
What type of tax is classified as a tax on exercising certain rights and privileges?
In which type of tax does both the incidence and burden fall on the same person?
In which type of tax does both the incidence and burden fall on the same person?
What tax is demanded from one person with the expectation that this person will indemnify themselves at the expense of another?
What tax is demanded from one person with the expectation that this person will indemnify themselves at the expense of another?
Where does the local government's power to tax come from?
Where does the local government's power to tax come from?
Which of the following is NOT an element of a sound tax system according to Tabag (2022)?
Which of the following is NOT an element of a sound tax system according to Tabag (2022)?
What does theoretical justice in a tax system primarily focus on?
What does theoretical justice in a tax system primarily focus on?
Which of the following is an aspect typically considered in the determination of taxes by the legislature?
Which of the following is an aspect typically considered in the determination of taxes by the legislature?
What does fiscal adequacy in a sound tax system ensure?
What does fiscal adequacy in a sound tax system ensure?
In the context of taxation, what does administrative feasibility mainly emphasize?
In the context of taxation, what does administrative feasibility mainly emphasize?
Which of the following is NOT a classification of taxes as mentioned in the text?
Which of the following is NOT a classification of taxes as mentioned in the text?
When should BIR Form 1702-RT Annual Income Tax Return be filed by corporations, partnerships, and other non-individual taxpayers subject only to REGULAR Income Tax Rate?
When should BIR Form 1702-RT Annual Income Tax Return be filed by corporations, partnerships, and other non-individual taxpayers subject only to REGULAR Income Tax Rate?
Which of the following is NOT subject to REGULAR Income Tax Rate according to the text?
Which of the following is NOT subject to REGULAR Income Tax Rate according to the text?
What is the tax rate for corporations, partnerships, and other non-individual taxpayers subject to REGULAR Income Tax Rate mentioned in the text?
What is the tax rate for corporations, partnerships, and other non-individual taxpayers subject to REGULAR Income Tax Rate mentioned in the text?
Which type of entities are specifically mentioned as exceptions to filing BIR Form 1702-RT Annual Income Tax Return in the text?
Which type of entities are specifically mentioned as exceptions to filing BIR Form 1702-RT Annual Income Tax Return in the text?
Where can one find information about Corporate Recovery and Tax Incentives for Enterprises Act according to the text?
Where can one find information about Corporate Recovery and Tax Incentives for Enterprises Act according to the text?
Which reference provides Quicknotes in Taxation according to the text?
Which reference provides Quicknotes in Taxation according to the text?
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