WK 1-3

Let’s Check
ACTIVITY 1
1) Taxes
2) Administrative Feasibility
3) Fiscal Adequacy
4) Theoretical Justice
5) International Comity
6) License Fee
7) Progressive System of Taxation
8) Revenue
9) Territoriality of Taxation
10) Exemption from real property on properties which are used for
religious, charitable institutions and educational purposes
ACTIVITY 2
1) A
2) A
3) D
4) A
5) B
6) D
7) C
8) C
9) D
10)C
11)A
12)C
13)A
14)D
15)D
16)A
17)C
18)C
19)C
20)C
21)C
22)D
23)C
24)C
25)D
26)D
27)A
28)D
29)D
30) C