Fabm taxation - Study guides, Class notes & Summaries

FABM – TAXATION UPDATED Exam Questions and CORRECT Answers Improvement of Subdivision Road - Correct ANSWER- A tax must be imposed for public purpose. Which of the following is not a public purpose? Power to Veto - Correct ANSWER- They exist independent of the constitution being fundamental powers of the State, except: Police Power - Correct ANSWER- The power to regulate liberty and property to promote the general welfare. Power of Taxation - Correct ANSWER- Power to demand proport...

FABM- Introduction to Taxation

FABM- Introduction to Taxation UPDATED Exam Questions and CORRECT Answers tax - Correct ANSWER- is an imposition by the government upon person, property or rights exercised within its jurisdiction Taxation - Correct ANSWER- power of the state by which the sovereign raises revenue to defray the necessary expenses of the government Sovereign - Correct ANSWER- is an attribute of a nation which means it is independent food, clothing, shelter and health services - Correct ANSWER- basic serv...