Question 16

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All of the following, except one, are basic principles of a sound taxation system

Select one:

a.
Inherent in sovereignty

b.
Theoretical justice

c.
Fiscal adequacy

d.
None of these

e.
Administrative feasibility

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The correct answer is: Inherent in sovereignty

Question 17
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Share in the net distributable income of a general professional partnership by
Ruby Matthews dela Cruz, a resident citizen, is subject to

Select one:

a.
Exempt from income tax

b.
10% Final Withholding Tax

c.
6% Capital Gains Tax

d.
Basic income tax

e.
20% Final Withholding Tax

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The correct answer is: Basic income tax

Question 18
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 Question text
The use of illegal or fraudulent means to avoid or defeat the payment of tax

Select one:

a.
Double taxation

b.
Tax exemption

c.
Tax evasion

d.
Tax shifting

e.
Tax avoidance

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The correct answer is: Tax evasion

Question 19
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All of the following are administrative functions of taxation, except

Select one:

a.
Selection of the object of tax.

b.
All of these are administrative functions of taxation.

c.
Collection of taxes.

d.
Equalization of assessment.

e.
Valuation of property for taxation.

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The correct answer is: Selection of the object of tax.

Question 20
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Question text
Which of the following is not an example of excise tax?

Select one:

a.
Donor's tax

b.
Transfer tax
c.
Real property tax

d.
Sales tax

e.
Income tax

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The correct answer is: Real property tax