TAX TEST BANK QUESTIONS WITH
CORRECT
ANSWERS GRADED A+
Tax which imposes a specific sum by the head or number or by some standard
of weight or
measurement and which requires no assessment other than a listing or
classification of the objects to be taxed.
A. Specific
B. Ad-valorem
C. Excise
D. Income
A
Tax of a fixed proportion of the amount or value of the property with respect to
which the tax is assessed.
A. Specific
B. Ad-valorem
C. Excise
D. Percentage
B
Tax based on a fixed percentage of the amount of property, income or other
basis to be taxed.
A. Proportional
B. Progressive
C. Regressive
D. Indirect
A
Tax where the rate decreases as the tax base increases.
,A. Proportional
B. Progressive
C. Regressive
D. Indirect
C
Tax where the rate increases as the tax base increases.
A. Proportional
B. Progressive
C. Regressive
D. Indirect
B
Taxation as distinguished from police power and power of eminent domain.
A. Property is taken to promote the general welfare.
B. Maybe exercised only by the government.
C. Operates upon the whole citizenry.
D. There is generally no limit as to the amount that may be imposed
D
The following are constitutional limitations, except
A. No imprisonment for non-payment of poll tax.
B. Non-impairment of the obligation of contracts.
C. Rule of uniformity and equity in taxation.
D. Exemption from income tax of charitable institutions, cemeteries, churches,
personage or convents appurtenant thereto, as well as all lands, buildings and
improvements actually, directly and exclusively used for religious, charitable
and
educational purposes.
D
Which of the following statements is correct?
A. The President is authorized to increase or decrease national internal
revenue tax rates.
, B. One of the nature of taxation is the reciprocal duties of protection and
support between
the state and subjects thereof.
C. Every sovereign government has the inherent power to tax.
D. Income tax in an indirect tax
C
A tax must be imposed for public purpose. Which of the following is not a
public purpose?
A. National defense
B. Public education
C. Improvement of the sugar and coconut industries.
D. Improvement of a subdivision road
D
Which is not an essential characteristic of a tax?
A. It is unlimited as to amount.
B. It is payable in money.
C. It is proportionate in character.
D. It is an enforced contribution
A
Special assessment is an enforced proportional contribution from owners of
land especially benefited by public improvement. Which one of the following is
not considered as one of its characteristics?
A. It is levied on land.
B. It is based on the government's need of money to support its legitimate
objectives.
C. It is not a personal liability of the persons assessed.
D. It is based solely on the benefit derived by the owners of the land.
B
It is the privilege of not being imposed a financial obligation to which others
are subject.
CORRECT
ANSWERS GRADED A+
Tax which imposes a specific sum by the head or number or by some standard
of weight or
measurement and which requires no assessment other than a listing or
classification of the objects to be taxed.
A. Specific
B. Ad-valorem
C. Excise
D. Income
A
Tax of a fixed proportion of the amount or value of the property with respect to
which the tax is assessed.
A. Specific
B. Ad-valorem
C. Excise
D. Percentage
B
Tax based on a fixed percentage of the amount of property, income or other
basis to be taxed.
A. Proportional
B. Progressive
C. Regressive
D. Indirect
A
Tax where the rate decreases as the tax base increases.
,A. Proportional
B. Progressive
C. Regressive
D. Indirect
C
Tax where the rate increases as the tax base increases.
A. Proportional
B. Progressive
C. Regressive
D. Indirect
B
Taxation as distinguished from police power and power of eminent domain.
A. Property is taken to promote the general welfare.
B. Maybe exercised only by the government.
C. Operates upon the whole citizenry.
D. There is generally no limit as to the amount that may be imposed
D
The following are constitutional limitations, except
A. No imprisonment for non-payment of poll tax.
B. Non-impairment of the obligation of contracts.
C. Rule of uniformity and equity in taxation.
D. Exemption from income tax of charitable institutions, cemeteries, churches,
personage or convents appurtenant thereto, as well as all lands, buildings and
improvements actually, directly and exclusively used for religious, charitable
and
educational purposes.
D
Which of the following statements is correct?
A. The President is authorized to increase or decrease national internal
revenue tax rates.
, B. One of the nature of taxation is the reciprocal duties of protection and
support between
the state and subjects thereof.
C. Every sovereign government has the inherent power to tax.
D. Income tax in an indirect tax
C
A tax must be imposed for public purpose. Which of the following is not a
public purpose?
A. National defense
B. Public education
C. Improvement of the sugar and coconut industries.
D. Improvement of a subdivision road
D
Which is not an essential characteristic of a tax?
A. It is unlimited as to amount.
B. It is payable in money.
C. It is proportionate in character.
D. It is an enforced contribution
A
Special assessment is an enforced proportional contribution from owners of
land especially benefited by public improvement. Which one of the following is
not considered as one of its characteristics?
A. It is levied on land.
B. It is based on the government's need of money to support its legitimate
objectives.
C. It is not a personal liability of the persons assessed.
D. It is based solely on the benefit derived by the owners of the land.
B
It is the privilege of not being imposed a financial obligation to which others
are subject.
