CHAPTER 11 EXERCISES

Name: JANINE A. POLISON Score: __________________

Year/Course/Section: MM 1-A Schedule: MON-THURS 4-5:30

ASSIGNMENT AND ASSESSMENT

I. Identification:

Direction: Fill in the blank before each number with the correct answer.

As State Power 1. The inherent power of the state, acting through the legislature to impose and collect
revenues to support the government and its recognized objects.

Direct Taxes 2. Type of taxes that are paid and shouldered by the taxpayer.

Indirect Taxes 3. This type of taxes are is paid by the taxpayer which she/he can shift or pass on to
others, goods example of this would be value-added tax. (VAT).

Personal, Poll or Capitation Tax 4. It refers to a tax of fixed amount imposed on an individual
residing within a specified territory.

Excise Tax 5. Refers to any tax which does not fall within the classification of a poll tax or property
tax.

Tax incidence 6. It is referred to us as the incidence of taxation.

Basis  7. This is based on the reciprocal duties of protection and support between the states and its
inhabitants.

Ad Valorem 8. A fixed proportion of the value of the property with respect to which the tax is
assessed.

Inherent limitations 9. Refers to those that restrict the power although they are not embodied I the
constitution.

Enforced Contribution 10. Taxes that are implied by the National Government under the National
Internal Revenue Code and other laws particularly the tariff and Customs Code.

P50,000.00 11. The amount of personal and additional exemptions allowed for single individual.

Capitalization 12. This principle states that the burden must be shouldered by those who enjoy benefits
and services.
Property Tax 13. Refers to the amount imposed on property, whether real or personal.

Regressive . 14.Refers to the rate decreases as the tax base or bracket increases.

It is levied by the law-making body of the state 15. Refers to those that restrict the power although
they are not embodied in the constitution.

II. Enumeration:

Direction: Give the classification of taxation as to:

A. Subject matter

1. Personal, poll or capitation

2. Property

3. Excise

B. Who bears the burden?

1. Direct

2. Indirect

C. Determination of the amount

1. Specific

2. Ad Valorem

D. Purpose

1. General, fiscal, or revenue

2. Special or regulatory

E. Authority imposing tax

1. National

2. Municipal or local
F. Graduation or rate

1. Proportional

2. Progressive and graduated-

3. Regressive

C. Explain why we need taxation.

We need the Taxation because the important of this the purpose of taxation is to raise
resources for governments to deliver essential public services. Taxes pay for many of the
things that are fundamental to functioning societies around the world, such as health care,
schools, and social services. Studies have shown that the bare minimum tax revenue for
countries is at least 15 percent of gross domestic product in order to be able to provide
basic services to their citizens. But it is important to look at both sides of the equation not
only taxes collected, but also how the money is spent to improve citizens’ lives and well-
being.