STUDENTS SUCCESS
Revision Examination Tests
“Come all for this Greatness”
... 100% Correct answers...
TAX TEST 1 EXAM 2024-2025 -
QUESTIONS AND CORRECT DETAILED ANSWERS
Which of the following is not characteristic of a tax?
A. A tax is compulsory.
B. A tax is intended to punish unacceptable behavior.
C. A tax is levied by a government.
D. All of the above are characteristics of a tax.
Ans: A Tax is intended to punish unacceptable behavior
Quiz The state of Virginia charges motorists 50 cents for every trip across a toll
bridge over the
James River. This charge is an example of a(n):
A. User's fee
B. Transaction-based tax
C. Activity-based tax
D. Excise tax
Ans: User's Fee
Quiz The city of Mayfield charges individuals convicted of DWI (driving while
intoxicated) $500
for the first conviction and $2,000 for any subsequent conviction. These charges are
an
example of a(n):
A. User's fee
B. Transaction-based tax
C. Activity-based tax
, D. Government penalty
Ans: Government Penalty
Quiz The property tax on a rent house owned by Mr. Janey increased by $1,200 this
year. Mr.
Janey increased the monthly rent charged to his tenant, Ms. Lacey, by $45. Who
bears the
incidence of the property tax increase?
A. Mr. Janey
B. Ms. Lacey
C. Both Mr. Janey and Ms. Lacey
D. Neither Mr. Janey nor Ms. Lacey
Ans: Both Mr. Janey and Ms. Lacey
Quiz Acme Inc.'s property taxes increased by $65,000 this year. As a result, Acme
increased the
sale prices of its products to generate $65,000 more revenue. Who bears the
incidence of the
corporate tax increase?
A. Acme Inc.
B. Acme's customers.
C. Acme's employees.
D. Acme's shareholders.
Ans: Acme's customers
Quiz Mrs. King is a U.S. citizen who permanently resides in South Africa. Which of
the following
statements is true?
A. The U.S. government has jurisdiction to tax Mrs. King.
B. The U.S. government has no jurisdiction to tax Mrs. King because she does not
live in the
United States.
C. The U.S. government has no jurisdiction to tax Mrs. King because she does not
earn any
income from a source within the United States.
D. Mrs. King can elect whether to pay tax to the United States or to South Africa.
Ans: The U.S. government has jurisdiction to tax Mrs. King
Quiz Mrs. Renfru is a Brazilian citizen who permanently resides in Houston, Texas.
Which of the
following statements is true?
A. The U.S. government has no jurisdiction to tax Mrs. Renfru because she is not a
U.S.
citizen.
B. The U.S. government has jurisdiction to tax Mrs. Renfru only on income that she
earns
Revision Examination Tests
“Come all for this Greatness”
... 100% Correct answers...
TAX TEST 1 EXAM 2024-2025 -
QUESTIONS AND CORRECT DETAILED ANSWERS
Which of the following is not characteristic of a tax?
A. A tax is compulsory.
B. A tax is intended to punish unacceptable behavior.
C. A tax is levied by a government.
D. All of the above are characteristics of a tax.
Ans: A Tax is intended to punish unacceptable behavior
Quiz The state of Virginia charges motorists 50 cents for every trip across a toll
bridge over the
James River. This charge is an example of a(n):
A. User's fee
B. Transaction-based tax
C. Activity-based tax
D. Excise tax
Ans: User's Fee
Quiz The city of Mayfield charges individuals convicted of DWI (driving while
intoxicated) $500
for the first conviction and $2,000 for any subsequent conviction. These charges are
an
example of a(n):
A. User's fee
B. Transaction-based tax
C. Activity-based tax
, D. Government penalty
Ans: Government Penalty
Quiz The property tax on a rent house owned by Mr. Janey increased by $1,200 this
year. Mr.
Janey increased the monthly rent charged to his tenant, Ms. Lacey, by $45. Who
bears the
incidence of the property tax increase?
A. Mr. Janey
B. Ms. Lacey
C. Both Mr. Janey and Ms. Lacey
D. Neither Mr. Janey nor Ms. Lacey
Ans: Both Mr. Janey and Ms. Lacey
Quiz Acme Inc.'s property taxes increased by $65,000 this year. As a result, Acme
increased the
sale prices of its products to generate $65,000 more revenue. Who bears the
incidence of the
corporate tax increase?
A. Acme Inc.
B. Acme's customers.
C. Acme's employees.
D. Acme's shareholders.
Ans: Acme's customers
Quiz Mrs. King is a U.S. citizen who permanently resides in South Africa. Which of
the following
statements is true?
A. The U.S. government has jurisdiction to tax Mrs. King.
B. The U.S. government has no jurisdiction to tax Mrs. King because she does not
live in the
United States.
C. The U.S. government has no jurisdiction to tax Mrs. King because she does not
earn any
income from a source within the United States.
D. Mrs. King can elect whether to pay tax to the United States or to South Africa.
Ans: The U.S. government has jurisdiction to tax Mrs. King
Quiz Mrs. Renfru is a Brazilian citizen who permanently resides in Houston, Texas.
Which of the
following statements is true?
A. The U.S. government has no jurisdiction to tax Mrs. Renfru because she is not a
U.S.
citizen.
B. The U.S. government has jurisdiction to tax Mrs. Renfru only on income that she
earns
