On theoretical basis of tawation, which of the folowing true? powers and territorial domination. b. People demand from their govemment certain responsibilitios then provide this government with the means to carry them out because they need the presence of the state. d. b'and e" Incidence of taxation means a. Shiting of tax b. Refunds of tax C. Payment of tax d. Imposition of tax The actual effort exerted by the govemment to effect the exaction or what is due from the taxpayer is known as a Assessment. b. Levy. c. Payment. Celection.

On theoretical basis of tawation, which of the folowing true? powers and territorial domination. b. People demand from their govemment certain responsibilitios then provide this government with the means to carry them out because they need the presence of the state. d. b'and e" Incidence of taxation means a. Shiting of tax b. Refunds of tax C. Payment of tax d. Imposition of tax The actual effort exerted by the govemment to effect the exaction or what is due from the taxpayer is known as a Assessment. b. Levy. c. Payment. Celection.

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter1: An Introducti On To Taxation And Understa Nding The Federal Tax Law

Section: Chapter Questions

Problem 29DQ

See similar textbooks

Similar questions

A. Propose a tax measure in order for the government to eaarn addtional revenue with emphasis ont he following items: 1. Indicate the type of your proposed taxwhat is the name, nature and purpose of the tax?2. what is/are covered transactions and who are the taxpayers? any tax exemption?
An income tax is an example of which of the following?a. Derived tax revenue.b. Imposed nonexchange revenue.c. Government-mandated nonexchange revenue.d. Voluntary nonexchange transaction
MC: Topic: Income Taxation The following defines taxation, except: * It is an inherent power of the state. It is an executive prerogative. It is a process of collecting contributions. It is mode of allocating government costs or burden to the people.
If a government wants to obtain the maximum tax revenue it should A. use static tax analysis. B. not assess the highest possible tax rate. C. assess the highest possible tax rate. D. use an ad valorem system for collecting taxes.
1. Define Taxation as a: a. State power b. Process c. Mode of cost distribution 2. Theory of taxation 3. Basis of taxation 4. *Give your opinion on “receipt of benefits is conclusively presumed’’. Explain. 5. Define the theories of cost allocation: a. Benefit received theory b. Ability to pay theory 6. Vertical vs horizontal equity 7. Explain the lifeblood doctrine 8. Explain: inherent powers of the state 9. *Explain: “Inferior to the Non-Impairment Clause” of the constitution and “Superior to the Non-Impairment Clause” of the constitution. 10. Short Answers only: a. (5 inherent Limitations) b. (16 constitutional limitations) 11. Differentiate: Levy or imposition vs Assessment & collection 12. Explain 5 examples situs of taxation 13. *Manny Pacquiao’s case: Double taxation or not? Support your opinion. 14. Explain: 3 escapes of taxation that will result to loss of government revenue. 15. Differentiate: Tax amnesty and tax Condonation.
the connection between a state and the business that the state is seeking to taxt Select one: O a. Average tax rate b. Nexus O c. Horizontal equity O d. Vertical equity
Revenue of the government is composed of tax and other source of income. * A. True B. False
Use the term below, the general principle of taxation involved in each case by choosing your answer from the following options. A. Tax avoidance B. Tax evasion C. Primary purpose of taxation D. License fee E. Tax exemption F. Regulatory tax G. Taxpayer's suit H. Legislative in character 1. Territoriality J. Equal protection of law K. Public purpose L. Doctrine of symbiotic relations ship M. Administrative feasibility CASES: 1. The City of Davao passes an ordinance imposing an annual fee of P500 to be paid by every attendant or helper of a massage clinic. 2. The Congress passed a law imposing a tax on the manufacture of sugar by sugar centrals and another tax on owners of land planted to sugar cane. The collections from said taxes were to accrue to a special fund to be used exclusively for the rehabilitation of the sugar industry. 3. Is a Filipino citizen wo resides abroad and whose properties are outside the Philippines, subject to the taxing power of the government? 4. A law granted…
I. Multiple Choice: Choose the correct answer. 1. The levying and imposition of tax and the collection of tax are processes which constitute the taxation system. a. Basis of Taxation b. Aspects of Taxation 2. No person shall be imprisoned for the non-payment of this. c. Nature of Taxation d. Theory of Taxation c. Income Tax d. Property Tax a. Excise Tax b. Poll Tax 3. Tax which is demanded from the persons whom the law intends or desires to pay it. a. Income 4. Tax where the rate increases as the tax base increases. b. Direct c. Indirect d. Excise c. Regressive d. Proportional a. Indirect 5. Catriona Grace, a taxpayer, gives the following reasons for refusing to pay a tax. Which of her reasons is not acceptable for legally refusing to pay the tax? a. That she has been deprived of due process of law. b. The she will derive no benefit from the tax. c. That there is lack of territorial jurisdiction. d. That the prescriptive period for the tax has lapsed. 6. Wiley Cyprus, a Canadian…
MC: Topic: Income Taxation Which of the following statements is not correct? * The “Benefit-Protection Theory” is the source of the “Doctrine of Symbiotic Relationship” while the Theory of Taxation is based on the Lifeblood Doctrine. The power to tax is unlimited, comprehensive, plenary and supreme that it can reach over into any jurisdiction to seize upon person or property. The Constitution grants exemption from income tax on its revenues and from real property tax on assets used actually, directly and primarily for educational purposes. Tax law can be imposed for a special purpose and not merely aimed at revenue collection. A person cannot object or resist the payment of taxes solely because no personal benefit to him can be pointed as arising from the tax.
3. Compare and contrast the following other agencies tasked with tax collections and other fees. ( .S) a. Bureau of Customs (BOC) b. Board of Investments (BOI) c. Local Gov't Tax Collecting Units
Property taxes are considered: a. imposed tax revenues. b. derived tax revenues. c. voluntary nonexchange transactions. d. exchange transactions.