. False.

The concept of equity in taxation is based on the

premise that taxes collected are dependent upon the
ability of the taxpayer to pay.
9. False. The basic premise of international comity is that
all states are treated alike. It is the principle of privity
of relationship that the state continues to impose
taxation on its subjects even outside its territorial
jurisdiction.
10. False. Prospective application means that tax laws are
operative after the approval of the President of the tax
bill.
11. True
12. True
13. True
14. True
15. False. Tax laws can be retroactive if it is the intention
of the Legislative Branch that it will be effective
retroactively. Otherwise, the effect shall be prospective.

Multiple Choice 1-1 Multiple Choice 1-2

Multiple Choice 1-3

1. D 6. B 1. C 6. B 1. A 6. B
2. B 7. C 2. D 7. A 2. C 7. A
3. C 8. A 3. C 8. C 3. B 8. C
4. A 9. B 4. C 9. D 4. B 9. A
5. A 10.C 5. C 10. D 5. C 10. B

Multiple Choice 1-4 Multiple Choice 1-5 Multiple

Choice 1-6

1. D 6. C 1. C 6. C 1. D 6. C
2. A 7. A 2. D 7. C 2. A 7. B
3. B 8. B 3. B 8. B 3. A 8. A
4. D 9. A 4. A 9. C 4. B 9. A
5. C 10.C 5. B 10.C 5. B 10. D
. False. The concept of equity in taxation is based on the
premise that taxes collected are dependent upon the
ability of the taxpayer to pay.
9. False. The basic premise of international comity is that
all states are treated alike. It is the principle of privity
of relationship that the state continues to impose
taxation on its subjects even outside its territorial
jurisdiction.
10. False. Prospective application means that tax laws are
operative after the approval of the President of the tax
bill.
11. True
12. True
13. True
14. True
15. False. Tax laws can be retroactive if it is the intention
of the Legislative Branch that it will be effective
retroactively. Otherwise, the effect shall be prospective.

Multiple Choice 1-1 Multiple Choice 1-2

Multiple Choice 1-3

1. D 6. B 1. C 6. B 1. A 6. B
2. B 7. C 2. D 7. A 2. C 7. A
3. C 8. A 3. C 8. C 3. B 8. C
4. A 9. B 4. C 9. D 4. B 9. A
5. A 10.C 5. C 10. D 5. C 10. B

Multiple Choice 1-4 Multiple Choice 1-5 Multiple

Choice 1-6
1. D 6. C 1. C 6. C 1. D 6. C
2. A 7. A 2. D 7. C 2. A 7. B
3. B 8. B 3. B 8. B 3. A 8. A
4. D 9. A 4. A 9. C 4. B 9. A
5. C 10.C 5. B 10.C 5. B 10. D
. False. The concept of equity in taxation is based on the
premise that taxes collected are dependent upon the
ability of the taxpayer to pay.
9. False. The basic premise of international comity is that
all states are treated alike. It is the principle of privity
of relationship that the state continues to impose
taxation on its subjects even outside its territorial
jurisdiction.
10. False. Prospective application means that tax laws are
operative after the approval of the President of the tax
bill.
11. True
12. True
13. True
14. True
15. False. Tax laws can be retroactive if it is the intention
of the Legislative Branch that it will be effective
retroactively. Otherwise, the effect shall be prospective.

Multiple Choice 1-1 Multiple Choice 1-2

Multiple Choice 1-3
1. D 6. B 1. C 6. B 1. A 6. B
2. B 7. C 2. D 7. A 2. C 7. A
3. C 8. A 3. C 8. C 3. B 8. C
4. A 9. B 4. C 9. D 4. B 9. A
5. A 10.C 5. C 10. D 5. C 10. B

Multiple Choice 1-4 Multiple Choice 1-5 Multiple

Choice 1-6

1. D 6. C 1. C 6. C 1. D 6. C
2. A 7. A 2. D 7. C 2. A 7. B
3. B 8. B 3. B 8. B 3. A 8. A
4. D 9. A 4. A 9. C 4. B 9. A
5. C 10.C 5. B 10.C 5. B 10. D
. False. The concept of equity in taxation is based on the
premise that taxes collected are dependent upon the
ability of the taxpayer to pay.
9. False. The basic premise of international comity is that
all states are treated alike. It is the principle of privity
of relationship that the state continues to impose
taxation on its subjects even outside its territorial
jurisdiction.
10. False. Prospective application means that tax laws are
operative after the approval of the President of the tax
bill.
11. True
12. True
13. True
14. True
15. False. Tax laws can be retroactive if it is the intention
of the Legislative Branch that it will be effective
retroactively. Otherwise, the effect shall be prospective.

Multiple Choice 1-1 Multiple Choice 1-2

Multiple Choice 1-3

1. D 6. B 1. C 6. B 1. A 6. B
2. B 7. C 2. D 7. A 2. C 7. A
3. C 8. A 3. C 8. C 3. B 8. C
4. A 9. B 4. C 9. D 4. B 9. A
5. A 10.C 5. C 10. D 5. C 10. B

Multiple Choice 1-4 Multiple Choice 1-5 Multiple

Choice 1-6

1. D 6. C 1. C 6. C 1. D 6. C
2. A 7. A 2. D 7. C 2. A 7. B
3. B 8. B 3. B 8. B 3. A 8. A
4. D 9. A 4. A 9. C 4. B 9. A
5. C 10.C 5. B 10.C 5. B 10. D
.
False. The concept of equity in taxation is based on
the premise that taxes collected are dependent upon the
ability of the taxpayer to pay.
9. False. The basic premise of international comity is that
all states are treated alike. It is the principle of privity
of relationship that the state continues to impose
taxation on its subjects even outside its territorial
jurisdiction.
10. False. Prospective application means that tax laws are
operative after the approval of the President of the tax
bill.
11. True
12. True
13. True
14. True
15. False. Tax laws can be retroactive if it is the intention
of the Legislative Branch that it will be effective
retroactively. Otherwise, the effect shall be prospective.

Multiple Choice 1-1 Multiple Choice 1-2

Multiple Choice 1-3

1. D 6. B 1. C 6. B 1. A 6. B
2. B 7. C 2. D 7. A 2. C 7. A
3. C 8. A 3. C 8. C 3. B 8. C
4. A 9. B 4. C 9. D 4. B 9. A
5. A 10.C 5. C 10. D 5. C 10. B

Multiple Choice 1-4 Multiple Choice 1-5 Multiple

Choice 1-6

1. D 6. C 1. C 6. C 1. D 6. C
2. A 7. A 2. D 7. C 2. A 7. B
3. B 8. B 3. B 8. B 3. A 8. A
4. D 9. A 4. A 9. C 4. B 9. A
5. C 10.C 5. B 10.C 5. B 10. D