lOMoAR cPSD| 20501675
Income Taxation - Cpar test bank
g g g g g
Marketing (Adamson University)
g g
,Studocugisgnotgsponsoredgorgendorsedgbyganygcollegegorguniversity
DownloadedgbygApriljeangMongeg()
, lOMoAR cPSD| 20501675
gTAXATIONg1g–gIncomegTaxation
GeneralgPrinciplesgofgTaxation
1. Taxationgasgdistinguishedgfromgpolicegpowergandgpowergofgeminentgdomain.A.gPropertygisgtak
engtogpromotegtheggeneralgwelfare.
B. Maybegexercisedgonlygbygtheggovernment.
C. Operatesgupongthegwholegcitizenry.
D. Theregisggenerallygnoglimitgasgtogthegamountgthatgmaygbegimposed.
2. Thegfollowinggaregconstitutionalglimitations,gexceptA.gNogimprisonmentgforgnon-
paymentgofgpollgtax.
B. Non-impairmentgofgthegobligationgofgcontracts.
C. Rulegofguniformitygandgequitygingtaxation.
D. Exemptiongfromgincomegtaxgofgcharitableginstitutions,gcemeteries,gchurches,gggggpersona
gegorgconventsgappurtenantgthereto,gasgwellgasgallglands,gbuildingsgandggggggimprovements
gactually,gdirectlygandgexclusivelygusedgforgreligious,gcharitablegandggggggeducationalgpur
poses.
3. Whichgofgthegfollowinggstatementsgisgcorrect?
A. ThegPresidentgisgauthorizedgtogincreasegorgdecreasegnationalginternalgrevenuegtaxgrates.
B. Onegofgthegnaturegofgtaxationgisgthegreciprocalgdutiesgofgprotectiongandgsupportgbetweengtheg
stategandgsubjectsgthereof.
C. Everygsovereignggovernmentghasgtheginherentgpowergtogtax.
D. Incomegtaxgingangindirectgtax.
4. Agtaxgmustgbegimposedgforgpublicgpurpose.gWhichgofgthegfollowinggisgnotgagpublicgpurpose?
A. Nationalgdefense
B. Publicgeducation
C. Improvementgofgthegsugargandgcoconutgindustries.
D. Improvementgofgagsubdivisiongroad.
5. Whichgisgnotgangessentialgcharacteristicgofgagtax?A.gItgisgunlimitedgasgtogamount.
B. Itgisgpayablegingmoney.
C. Itgisgproportionategingcharacter.
D. Itgisgangenforcedgcontribution.
6. Specialgassessmentgisgangenforcedgproportionalgcontributiongfromgownersgofglandgespeciallygggg
gggbenefitedgbygpublicgimprovement.gWhichgonegofgthegfollowinggisgnotgconsideredgasgonegofgit
sgggggggcharacteristics?
A. Itgisgleviedgongland.
B. Itgisgbasedgongtheggovernment’sgneedgofgmoneygtogsupportgitsglegitimategobjectives.
C. Itgisgnotgagpersonalgliabilitygofgthegpersonsgassessed.
D. Itgisgbasedgsolelygongthegbenefitgderivedgbygthegownersgofgthegland.
7. Itgisgthegprivilegegofgnotgbeinggimposedgagfinancialgobligationgtogwhichgothersgaregsubject.
A. Taxgincentive
B. Taxgexemption
C. Taxgamnesty
D. Taxgcredit
8. Asgtogscopegofgtheglegislativegpowergtogtax,gwhichgisgnotgcorrect?
, lOMoAR cPSD| 20501675
2
A. Wheregtheregaregnogconstitutionalgrestrictions,gandgprovidedgthegsubjectsgaregwithingthegterri
torialgjurisdictiongofgthegstate,gCongressghasgunlimitedgdiscretiongasgtogthegpersons,gproperty
gorgoccupationsgtogbegtaxed.
B. Ingthegabsencegofganygconstitutionalgprohibition,gCongressghasgthegrightgtoglevygagtaxgofganyg
amountgitgseesgfit.
C. ThegdiscretiongofgCongressgingimposinggtaxesgextendsgtogthegmode,gmethodgorgkindgofgtax,gu
nlessgrestrictedgbygthegconstitution.
D. ThegsolegarbitergofgthegpurposegorgwhichgtaxesgshallgbegleviedgisgCongress,gprovidedgth
egpurposegisgpublicgandgthegcourtsgmaygnotgreviewgtheglevygofgthegtaxgtogdeterminegwhe
thergorgnotgthegpurposegisgpublic.
9. Whichgofgthegfollowinggisgagnaturegofgtaxation?
A. Thegpowergisggrantedgbyglegislativegaction.
B. Itgisgessentiallygangadministrativegfunction.
C. Itgisggenerallygpayablegingmoney.
D. Withoutgitgthegstategcangcontinuegtogexist.
10. Whichgofgthegfollowinggisgnotgagdeterminantgofgthegplacegofgtaxation?
A. Sourcegofgthegincome
B. Citizenshipgofgthegtaxpayer
C. Residencegofgthegtaxpayer
D. Amountgofgtaxgtogbegimposed
11. Whichgofgthegfollowinggstatementsgisgnotgcorrect?
A. Anginherentglimitationgofgtaxationgmaygbegdisregardedgbygthegapplicationgofgagconstitutional
glimitation.
B. Thegpropertygofgangeducationalginstitutiongoperatedgbygagreligiousgordergisgexemptgfromgpro
pertygtax,gbutgitsgincomegisgsubjectgtogincomegtax.
C. Thegprohibitiongofgdelegationgbygthegstategofgthegpowergofgtaxationgwillgstillgallowgtheg
BIRgtogmodifygthegrulesgingtimegforgfilinggofgreturnsgandgpaymentgofgtaxes.
D. Thegpowergofgtaxationgisgsharedgbygtheglegislativegandgexecutivegdepartmentsgofgtheggovern
ment.
12. Statementg1g–gThegpointgongwhichgtaxgisgoriginallygimposedgisgimpactgofgtaxation.
ggggggggStatementg2g–gEminentgdomaingisginferiorgtognon-impairmentgclausegofgthegconstitution.
ggggggggStatementg3g–gAsgagrule,gtaxesgaregsubjectgtogset-offgorgcompensation.
ggggggggStatementg4g–
gAsgagrule,gprovisionsgongthegvaliditygofgtaxgexemptionsgaregresolvedgliberallyggggggggggggggggggggingf
avorgofgthegtaxpayer.
Statementg1Statementg2Statementg3Statementg4gg
A. Truegggggg Falsegggggg FalseggggggTrue
B. False ggggggTruegggggg TruegggggggFalse
C. TrueggggggTrueggggggFalse ggFalse
D. False ggggggFalse ggggggTruegggggggTrue
13. Agtaxgsystemgwheregthegrevenuesgaregsuppliedgmostlygbygindirectgtaxes.
A. Schedular C.gProgressive
B. Proportional D.gRegressive
14. Agtaxgsystemgwheregtheggreatergbulkgofgthegtaxgrevenuesgisgderivedgbygdirectgtaxes.
A. Schedular C.gProgressive
B. Proportional D.gRegressive
Income Taxation - Cpar test bank
g g g g g
Marketing (Adamson University)
g g
,Studocugisgnotgsponsoredgorgendorsedgbyganygcollegegorguniversity
DownloadedgbygApriljeangMongeg()
, lOMoAR cPSD| 20501675
gTAXATIONg1g–gIncomegTaxation
GeneralgPrinciplesgofgTaxation
1. Taxationgasgdistinguishedgfromgpolicegpowergandgpowergofgeminentgdomain.A.gPropertygisgtak
engtogpromotegtheggeneralgwelfare.
B. Maybegexercisedgonlygbygtheggovernment.
C. Operatesgupongthegwholegcitizenry.
D. Theregisggenerallygnoglimitgasgtogthegamountgthatgmaygbegimposed.
2. Thegfollowinggaregconstitutionalglimitations,gexceptA.gNogimprisonmentgforgnon-
paymentgofgpollgtax.
B. Non-impairmentgofgthegobligationgofgcontracts.
C. Rulegofguniformitygandgequitygingtaxation.
D. Exemptiongfromgincomegtaxgofgcharitableginstitutions,gcemeteries,gchurches,gggggpersona
gegorgconventsgappurtenantgthereto,gasgwellgasgallglands,gbuildingsgandggggggimprovements
gactually,gdirectlygandgexclusivelygusedgforgreligious,gcharitablegandggggggeducationalgpur
poses.
3. Whichgofgthegfollowinggstatementsgisgcorrect?
A. ThegPresidentgisgauthorizedgtogincreasegorgdecreasegnationalginternalgrevenuegtaxgrates.
B. Onegofgthegnaturegofgtaxationgisgthegreciprocalgdutiesgofgprotectiongandgsupportgbetweengtheg
stategandgsubjectsgthereof.
C. Everygsovereignggovernmentghasgtheginherentgpowergtogtax.
D. Incomegtaxgingangindirectgtax.
4. Agtaxgmustgbegimposedgforgpublicgpurpose.gWhichgofgthegfollowinggisgnotgagpublicgpurpose?
A. Nationalgdefense
B. Publicgeducation
C. Improvementgofgthegsugargandgcoconutgindustries.
D. Improvementgofgagsubdivisiongroad.
5. Whichgisgnotgangessentialgcharacteristicgofgagtax?A.gItgisgunlimitedgasgtogamount.
B. Itgisgpayablegingmoney.
C. Itgisgproportionategingcharacter.
D. Itgisgangenforcedgcontribution.
6. Specialgassessmentgisgangenforcedgproportionalgcontributiongfromgownersgofglandgespeciallygggg
gggbenefitedgbygpublicgimprovement.gWhichgonegofgthegfollowinggisgnotgconsideredgasgonegofgit
sgggggggcharacteristics?
A. Itgisgleviedgongland.
B. Itgisgbasedgongtheggovernment’sgneedgofgmoneygtogsupportgitsglegitimategobjectives.
C. Itgisgnotgagpersonalgliabilitygofgthegpersonsgassessed.
D. Itgisgbasedgsolelygongthegbenefitgderivedgbygthegownersgofgthegland.
7. Itgisgthegprivilegegofgnotgbeinggimposedgagfinancialgobligationgtogwhichgothersgaregsubject.
A. Taxgincentive
B. Taxgexemption
C. Taxgamnesty
D. Taxgcredit
8. Asgtogscopegofgtheglegislativegpowergtogtax,gwhichgisgnotgcorrect?
, lOMoAR cPSD| 20501675
2
A. Wheregtheregaregnogconstitutionalgrestrictions,gandgprovidedgthegsubjectsgaregwithingthegterri
torialgjurisdictiongofgthegstate,gCongressghasgunlimitedgdiscretiongasgtogthegpersons,gproperty
gorgoccupationsgtogbegtaxed.
B. Ingthegabsencegofganygconstitutionalgprohibition,gCongressghasgthegrightgtoglevygagtaxgofganyg
amountgitgseesgfit.
C. ThegdiscretiongofgCongressgingimposinggtaxesgextendsgtogthegmode,gmethodgorgkindgofgtax,gu
nlessgrestrictedgbygthegconstitution.
D. ThegsolegarbitergofgthegpurposegorgwhichgtaxesgshallgbegleviedgisgCongress,gprovidedgth
egpurposegisgpublicgandgthegcourtsgmaygnotgreviewgtheglevygofgthegtaxgtogdeterminegwhe
thergorgnotgthegpurposegisgpublic.
9. Whichgofgthegfollowinggisgagnaturegofgtaxation?
A. Thegpowergisggrantedgbyglegislativegaction.
B. Itgisgessentiallygangadministrativegfunction.
C. Itgisggenerallygpayablegingmoney.
D. Withoutgitgthegstategcangcontinuegtogexist.
10. Whichgofgthegfollowinggisgnotgagdeterminantgofgthegplacegofgtaxation?
A. Sourcegofgthegincome
B. Citizenshipgofgthegtaxpayer
C. Residencegofgthegtaxpayer
D. Amountgofgtaxgtogbegimposed
11. Whichgofgthegfollowinggstatementsgisgnotgcorrect?
A. Anginherentglimitationgofgtaxationgmaygbegdisregardedgbygthegapplicationgofgagconstitutional
glimitation.
B. Thegpropertygofgangeducationalginstitutiongoperatedgbygagreligiousgordergisgexemptgfromgpro
pertygtax,gbutgitsgincomegisgsubjectgtogincomegtax.
C. Thegprohibitiongofgdelegationgbygthegstategofgthegpowergofgtaxationgwillgstillgallowgtheg
BIRgtogmodifygthegrulesgingtimegforgfilinggofgreturnsgandgpaymentgofgtaxes.
D. Thegpowergofgtaxationgisgsharedgbygtheglegislativegandgexecutivegdepartmentsgofgtheggovern
ment.
12. Statementg1g–gThegpointgongwhichgtaxgisgoriginallygimposedgisgimpactgofgtaxation.
ggggggggStatementg2g–gEminentgdomaingisginferiorgtognon-impairmentgclausegofgthegconstitution.
ggggggggStatementg3g–gAsgagrule,gtaxesgaregsubjectgtogset-offgorgcompensation.
ggggggggStatementg4g–
gAsgagrule,gprovisionsgongthegvaliditygofgtaxgexemptionsgaregresolvedgliberallyggggggggggggggggggggingf
avorgofgthegtaxpayer.
Statementg1Statementg2Statementg3Statementg4gg
A. Truegggggg Falsegggggg FalseggggggTrue
B. False ggggggTruegggggg TruegggggggFalse
C. TrueggggggTrueggggggFalse ggFalse
D. False ggggggFalse ggggggTruegggggggTrue
13. Agtaxgsystemgwheregthegrevenuesgaregsuppliedgmostlygbygindirectgtaxes.
A. Schedular C.gProgressive
B. Proportional D.gRegressive
14. Agtaxgsystemgwheregtheggreatergbulkgofgthegtaxgrevenuesgisgderivedgbygdirectgtaxes.
A. Schedular C.gProgressive
B. Proportional D.gRegressive
