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Income and Income Taxes WITH ANS KEY AT THE END

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Multiple Choice 1. Provincial, city, municipal, and barangay ordinances may impose taxes subject to limitations by the Local Government Code. The following, except one, are existing taxes thereunder. Which is it? a. Professional tax b. Community tax c. Travel tax d. Real property tax 2. As to...

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  • April 26, 2024
  • 3
  • 2023/2024
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Income and Income Taxes


Multiple Choice

1. Provincial, city, municipal, and barangay ordinances may impose taxes subject to limitations by
the Local Government Code. The following, except one, are existing taxes thereunder. Which is
it?

a. Professional tax
b. Community tax
c. Travel tax
d. Real property tax

2. As to object, taxes may be classified according to the following except one. Which is the
exception?

a. excise
b. specific
c. property
d. personal, poll or capitation

3. the distinction of a tax from a permit or license fee is that a tax is

a. imposed for regulation.
b. one which involves an exercise of police power.
c. one in which there is no generally limit on the amount that may be imposed.
d. none of the above

4. All of the following are similarities of the inherent power of taxation, eminent domain, and
police power. Which is not?

a. Affect all the persons or public
b. Are legislative in implementation
c. Are necessary attributes of sovereignty
d. Interfere with private rights and property

5. Situs of taxation is the place of taxation. Which of the statements is not true about situs?

a. Subject matter is a must to determine situs.
b. Situs of persons is the residence of the taxpayer.
c. Citizenship, in determining the situs, is not a factor to consider.

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