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Income Taxation Quiz Guide: Comprehensive Review with Questions and Explanations Quiz on Income Taxation: Detailed Guide with Practice Questions and Answers$27.99
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Income Taxation Quiz Guide: Comprehensive Review with Questions and Explanations Quiz on Income Taxation: Detailed Guide with Practice Questions and Answers
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Income Taxation
Institution
Income Taxation
Income Taxation Quiz Guide: Comprehensive Review with Questions and Explanations
Quiz on Income Taxation: Detailed Guide with Practice Questions and Answers
Income Taxation Quiz Guide: Comprehensive Review with Questions and Explanations
Quiz on Income Taxation: Detailed Guide with Practi...
Income Taxation Quiz Guide: Comprehensive Review with
Questions and Explanations 2024 2025
Quiz on Income Taxation: Detailed Guide with Practice
Questions and Answers
Statement 1 : Congress can exercise the power of taxation even without Constitutional delegation of the
power to tax.
Statement 2 : Only the legislature can exercise the power of taxation, eminent domain and police
power.
Which statement is correct?
Both statements are true
The following statements reflect the differences among the inherent powers except:
Eminent domain and police power do not require constitutional grant but taxation being a formidable
power requires constitutional grant
a. The power to tax includes the power to exempt.
b. Exemption is construed against the taxpayer and in favor of the government.
c. Tax statutes are construed against the government in case of doubt.
d. Taxes should be collected only for public improvement.
d. Taxes should be collected only for public improvement.
Which of the following is not a constitutional limitation of the power to tax?
,D. non delegation of taxing power
Which of the powers of the State is the most superior? Which is regarded as the most important?
B. police power, taxation
Which is not a characteristic of tax?
C. it is subject to assignment
A. Tax must not violate constitutional and inherent limitation.
B. Tax must be uniform and equitable.
C. Tax must be for public purpose.
D. Tax must be levied by the law-making body.
E. Tax must be proportionate in character.
F. Tax is generally payable in money.
Which of the above is/not an essential characteristic of a valid tax?
none of these choices
. Mr. A has a tax obligation to the government amounting to P80,000. Since he is leaving the country, he
entered into a contract with Mr. B wherein Mr. B shall pay the P80,000 tax in his behalf . On due date,
, Mr. B failed to pay the tax. The BIR sent a letter of demand to Mr. A which he refused to pay. Which of
the following statements is correct?
d.The government should force mr. A to pay because taxes are non-assignable
The Commissioner of Internal Revenue is not authorized to
d.grant amnesty for erring taxpayers
The principles of sound tax system exclude
a. Economic efficiency
. Which of the following is a power of the Commissioner of Internal Revenue?
a. The power to conduct inventory surveillance
As to tax payment measures, which of the following threshold for the qualification as large tax payer is
incorrect?
b. Annual value added tax payment of 1 million
t of 1 million 15. Which is not subject to income tax?
donation
. Which is not an item of gross income because f the absence of an undertaking from the taxpayer?
b. Forgiveness of indebtedness as an act of a gratuity
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