Quiz-1.pdf

QUIZ 1 ON PRITAX Ms. Iana Jane F. Buron 1. The process or means by which the sovereign, through its law-making body, raises income to defray the expenses of the government a. Toll b. License fee c. Taxation...

QUIZ 1 ON PRITAX Ms. Iana Jane F. Buron 1. The process or means by which the sovereign, through its law-making body, raises income to defray the expenses of the government a. Toll b. License fee c. Taxation d. Assessment  2. The propor tional contribution by persons and proper ty levied by the law -making body of the state by vir tue of its sovereignty for the suppor t of the government and all public needs is referred to as a. Taxes b. Toll c. License fees d. Assessment  3. The primary purpose of taxation is a. To encourage the growth of some industries through the proper use of incentives b. To implement the police power of the State c. To reduce excessive inequalities of wealth d. To raise revenue for governmental needs  4. Which of the following is not a secondary purpose of taxation? a. To serve as key instrument of social control b. To effect a more equitable distribution of wealth among people c. To achieve social and economic stability d. To raise revenue to defray the necessary expenses of the government  5. One of the characteristics of a tax is a. A tax is a pecuniary burden and the law may not allow payment in kind b. It is dependent upon the will or contractual assent, express or implied, of the person taxed c. It is levied by the state by virtue of its sovereignty d. It is collected for public and private purposes  6. Although the power of taxation is basically legislative in character, it is not the function of congress to a. Fix with certainty the amount of taxes b. Collect the tax levied under the law c. Identify who should collect the tax d. Determine who should be subject to the tax  7. The levying and imposition of tax and the collection of tax are processes which constitute the taxation system a. Basis of taxation b. Aspects of taxation c. Nature of taxation d. Theory of taxation 8. The official action of an officer authorized by law in ascertaining the amount of tax due under the law from a taxpayer is a. Assessment b. Delinquency c. Deficiency d. Distraint  9. The actual effort exerted by the government to effect the exaction of what is due from the taxpayer is known as a. Assessment b. Levy c. Payment d. Collection  10. Deals with the provisions of the law which determines the person or proper ty to be taxed, the sums to be raised, the rate thereof, and the time and manner of levying, receiving and collecting taxes a. Collection b. Payment c. Enforced contribution d. Levy 11. All of the following, except one, are basic principles of the sound tax system a. Fiscal adequacy b. Theoretical justice c. Administrative feasibility d. Inherent in sovereignty 12. Under this basic principle of sound tax system, the government should not incur a deficit a. Theoretical justice b. Administrative feasibility c. Fiscal adequacy d. None of the above  13. The tax imposed should be proportionate to the taxpayer’s ability to pay a. Fiscal adequacy b. Equality or theoretical justice c. Administrative feasibility d. Intellectual sensitivity 14. The tax laws must be capable of convenient, just and effective administration a. Fiscal adequacy b. Theoretical justice c. Administrative feasibility d. Inherent in sovereignty  15. The following, except one, are basic principles of a sound tax system a. It should be capable of being effectively enforced b. It must be progressive c. Sources of revenue must be sufficient to meet government expenditures and other public needs d. It should be exercised to promote public welfare  16. The power to demand proportionate contributions from persons and property to defray the expenses of the government a. Power of taxation b. Police power c. Power of eminent domain d. Power of recall 17. The power of the state or those to whom the power has been delegated to take private property for public use upon paying to the owner a just compensation a. Power of eminent domain b. Police power c. Power of taxation d. People power  18. The power of the state to enact such laws in relation to persons and property as may promote public health, public morals, public safety and the general welfare of the people a. Power of eminent domain b. Police power c. Power of taxation d. People power 19. The following are similarities of the inherent power of taxation, eminent domain and police power, except one a. Are necessary attributes of sovereignty b. Interfere with private rights and property c. Affect all persons or the public d. Are legislative in implementation 20. Which of the following may not raise money for the government a. Power of taxation b. Police power c. Power of eminent domain d. Privatization of government’s capital assets 21. Which of the following statements is not correct? a. Taxes may be imposed to raise revenues or to provide disincentives to certain activities within the state b. The state can have the power of taxation even if the Constitution does not expressly give it the power to tax c. For the exercise of the power of taxation, the legislative branch is responsible d. The provisions of taxation in the Philippine Constitution are grants of power and not limitations on taxing powers  22. A tax must be imposed for public purpose. Which of the following is not a public purpose? a. National defense b. Public education c. Improvement of the sugar and coconut industries d. Improvement of a subdivision road  23 S 1: Toll is a dema nd of sovereig nty & lev ied for the suppor t of the gover nment S 2: S pec ia l a ssessment is lev ied on per sons, proper ty, a nd r ig hts S 3: Ta xes a re pa id for the suppor t of the gover nment a nd it a r ises from c ontr a c t a. Only one statement is true b. Only one statement is false c. All statements are true d. All statements are false  24 S 1: S pec ific : ba sed on volume , weig ht, & qua ntity ; A d v a lorem: ba sed on v a lue S2: Pr ima r y pur pose: a chieve socia l/economic ends; S pec i a l pur pose: prov i de funds S 3: Propor tiona l: ta x r a te inc rea ses a s ta x ba se inc rea ses; Prog ressive: fla t r a te a. Only one statement is true b. Only one statement is false c. All statements are true d. All statements are false  25 S1: Public fina nce is merely a pa r t of ta xa ti on S 2: Lic ense a nd reg ula tor y fee a re lev ied under polic e power of the sta te , while ta xes a re imposed under the ta xing power S3: Indirect ta x is when the burden to pay ta xes i s shi fted to c onsumer s, whi l e direc t ta x is when the one who pay s for the ta x is the one a c tua lly lia ble a. Only one statement is true b. Only one statement is false c. All statements are true d. All statements are false END OF QUIZ