Solutions To Exercises Txtn1 July 8, 2019: Chapter 1 - Introduction To Taxation Exercise Drill

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Solutions to Exercises TXTN1 July 8, 2019

CHAPTER 1 – INTRODUCTION TO TAXATION

EXERCISE DRILL

1. N

2. I

3. C&I 4. N

5. C

6. C&I 7. C

8. C

9. C 10. C 11. C 12. I

13. C 14. N 15. C 16. C 17. I

18. C 19. N 20. N

TRUE OR FALSE 1

1. FALSE 2. TRUE 3. TRUE 4. TRUE 5. FALSE 6. FALSE 7. TRUE 8. FALSE 9. TRUE 10. TRUE

TRUE OR FALSE 2

1. FALSE 2. FALSE 3. TRUE 4. TRUE 5. TRUE 6. TRUE 7. FALSE 8. FALSE 9. FALSE 10. FALSE

MC- THEORY: PART 1

1. A 2. D 3. D 4. A 5. D 6. D 7. A 8. A 9. B 10. C 11. D 12. D 13. C 14. C 15. B 16. D 17. D 18. A 19. D 20. D
21. C 22. C 23. C 24. C 25. B 26. C 27. C 28. D 29. C 30. A 31. B 32. D 33. A 34. B

MC-THEORY: PART 2

1. A 2. B 3. B 4. A 5. C 6. D 7. C 8. B 9. B 10. B 11. D 12. C 13. C 14. D 15. C 16. A 17. B 18. D 19. C 20. D
21. A 22. B

MC- THEORY: PART 3

1. B 2. A 3. C 4. A 5. C 6. A 7. D 8. D 9. A 10. C 11. B 12. C 13. B 14. C 15. D

16. A 17. B 18. D 19. B 20. D 21. C 22. D 23. D 24. B

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Solutions to Exercises TXTN1 July 8, 2019

CHAPTER 2 – TAXES, TAX LAWS, AND TAX ADMINISTRATION

1. OTHER PERCENTAGE TAX 


2. DONOR’S TAX 


3. REGRESSIVE TAX 


4. INDIRECT TAX 


5. AD VALOREM 


6. FISCAL OR REVENUE TAX 


7. NATIONAL TAX 


8. EXCISE TAX 


9. ESTATE TAX 


10. PERSONAL, POLL, OR CAPITATION 


11. PROPORTIONAL TAX 


12. SPECIFIC TAX 


13. DIRECT TAX 


14. REGULATORY 


15. EXCISE / PRIVELEGE TAX 


EXERCISE DRILL 2

1. REVENUE 


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Solutions to Exercises TXTN1 July 8, 2019

2. TAX 


3. SPECIAL ASSESSMENT 


4. CUSTOM’S DUTIES 


5. LICENSE FEE 


6. TAX 


7. DEBT 


8. TOLL 


9. PENALTY 


10. DEBT 


EXERCISE DRILL 3

1. 200,000/QUARTER 


2. 1,000,000/YEAR 


3. 1,000000/YEAR 


4. 1,000,000/YEAR 


5. 200,000/QUARTER 


6. 1,000,000/YEAR 


1. 1,000,000,000 IN A YEAR 


2. 300,000,000 AT A YEAR END 


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Solutions to Exercises TXTN1 July 8, 2019

3. 800,000,000 IN THE PRECEDING YEAR 


MC- THEORY: PART 1

1. B 2. A 3. C 4. C 5. B 6. A 7. A 8. B 9. C 10. D 11. A 12. B 13. B 14. C 15. C 16. D 17. D 18. D 19. C 20. D
21. D 22. B 23. A 24. B 25. B 26. A 27. D 28. B 29. B 30. C 31. D

32. D 33. C 34. A 35. D 36. B 37. D 38. B 39. D 40. A 41. B 42. A 43. D 44. A 45. C

MC- THEORY: PART 2

1. A 2. C 3. A 4. D 5. D 6. C 7. C 8. A 9. D 10. B 11. C 12. D 13. D 14. A

MC- THEORY: PART 3

1. B 2. C 3. A 4. A 5. B 6. D 7. D 8. C 9. A 10. A 11. D 12. B

13. B 14. D 15. C 16. D 17. C 18. A 19. C 20. D 21. D 22. B

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