Multiple Choice: Assignment

Multiple Choice
Assignment
1. The following are national internal
revenue taxes. Which one is not?
Excise Tax
Import Duty
Documentary Stamp Tax
Value-added Tax
2. One of the characteristics of internal
revenue laws is that they are
Generally prospective in application
Criminal in nature
Penal in nature
Political in nature
3. Which statement is false? Income Tax
Is always based on gross amount.

Is a tax on all yearly profits arising from property,
profession, trade or business.
Is a tax on person’s income, emoluments or profits.
Is always a direct tax.

4. Percentage tax is an example of
Graduated Tax
Proportional Tax
Progressive Tax
Regressive Tax
5. As to object, taxes may be classified
according to the following except one.
Which one is the exception?
personal, poll or capitation
property
excise
specific
6. The following are sources of tax laws.
Which is not a source?
Barangay resolutions
Supreme Court Decisions
Revenue Regulations by the Department of Finance
Treaties or international agreements

7. Provincial, city, municipal and barangay
ordinances may impose taxes subject to
limitations by the LGC. Which is not a tax
thereunder?
Professional Tax
Community Tax
Travel Tax
Real Property Tax

8. Which of the following statements is
true? The Bureau of Internal Revenue
shall have the
Commissioner of IR and 2 Deputy Commissioners

9. In case of conflict between tax laws
and GAAP
Both tax laws shall prevail over GAAP
GAAP shall prevail over tax laws
The issue shall be resolved by the courts
Tax laws shall prevail over GAAP

10. The following are authorized to
administer oaths and take testimony.
Who is not?
BIR Commissioner
BIR Deputy Commissioner
BIR Service Chief
BIR rank-and-file employee

11. The distinction of a tax from permit
or license fee is that a tax is
Imposed for regulation
One which involves an exercise of police power

One in which there is generally no limit on the
amount that may be imposed
None of the above
12. Which is not a valid definition of
income?
Income is a fund at one distinct point of time
Income is the return from capital invested

Income means all wealth which flows into the
taxpayer other than a mere return of capital
Income means cash or its equivalent unless otherwise
specified
13. Tax as distinguished from license fee
A regulatory measure
Imposed in the exercise of police power

Non-payment does not necessarily render the
business illegal
Limited to cover cost of regulation
14. Taxation is a means by which the
national government attempts to
Shift wealth from the rich to the poor
Maintain price stability
Encourage full employment
All of the above

15. The following statements are correct
except one. Which one?
The provisions of taxation in the Constitution are

grants of power not limitations on taxing powers.
Taxes may be imposed to raise revenues or to provide
disincentives to certain activities within the state.
The State can have the power of taxation even if the
Constitution does not expressly give it the power to tax.
For the exercise of the power of taxation, the State
can tax anything at any time.
16. One of the following is not among
the basic principles of a sound tax
system. Which one is it?
Fiscal Adequacy
Theoretical Justice
Collection of Tax
Administrative Feasibility
17. All of the following except one are
inherent limitations of taxation.
Taxes may be levied only for public purpose

The State may tax persons and properties under its
jurisdiction
The property of another State may not be taxed by
other State
Governmental agencies are exempt from taxation
18. Which statement refers to police
power as distinguished from taxation?
Can only be imposed on specific property
It involves the taking of property by the government

The amount imposed depends on whether the
activity is useful or not
The amount imposed has no limit
19. One characteristic of a tax is that
It is generally based on contract.
It is generally payable in money.
It is generally assignable.
None of the above.

20. Whis is not an example of excise tax
Real property tax
Transfer tax
Value-added tax
Income tax
21. Which one is not a similarity among
taxation, eminent domain, and police
power?
Are necessary attributes of sovereignty
Affect all persons or the public
Interfere with private rights and property
Are legislative in implementation

22. Tax of a fixed proportion of the
value of the property with respect to
which the tax is assessed.
Specific
Special or regulatory
Ad valorem
None of the above

23. When BIR and taxpayers are unable to
agree as to the correct application of tax
statutes,
BIR decision prevails.
Taxpayer’s decision prevails.
Court decision prevails.
All of the above.

24. Situs is the place of taxation. Which
is not true?
Citizenship is not a factor to consider.
Situs of persons is the residence of the taxpayer.
Subject matter is a must to determine situs.
None of the above.

25. Which is not a nature of taxation?
Means by which the government raises income.
The government solely benefits from it.
It is inherent in sovereignty.
The citizenry benefits from it.

26. The proportional contribution by persons
and property by the State by virtue of its
sovereignty for the support of the
government and all public needs.
License fees
Special assessment
Taxes
None of the above

Assignment
I. Classification of Individual Income Taxpayers
o Citizen
o Alien
II. Personal Exemptions
Basic Personal Exemptions
Additional Exemption
III. Taxable Income
 Net Compensation Income
 Gross Compensation Income

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Multiple Choice

Documentary Stamp Tax

Generally prospective in application

Is always based on gross amount.

Is always a direct tax.

personal, poll or capitation

Supreme Court Decisions

Revenue Regulations by the Department of Finance

Treaties or international agreements

Real Property Tax

Commissioner of IR and 2 Deputy Commissioners

Commissioner of IR and 3 Deputy Commissioners

Commissioner of IR and 5 Deputy Commissioners

Commissioner of IR and 7 Deputy Commissioners

Both tax laws shall prevail over GAAP

GAAP shall prevail over tax laws

The issue shall be resolved by the courts

Tax laws shall prevail over GAAP

BIR Deputy Commissioner

BIR Service Chief

BIR rank-and-file employee

Imposed for regulation

One which involves an exercise of police power

Income is a fund at one distinct point of time

Income is the return from capital invested

Imposed in the exercise of police power

Shift wealth from the rich to the poor

Maintain price stability

Encourage full employment

All of the above

The provisions of taxation in the Constitution are

Taxes may be levied only for public purpose

Can only be imposed on specific property

It involves the taking of property by the government

It is generally based on contract.

It is generally payable in money.

None of the above.

Real property tax

Are necessary attributes of sovereignty

Affect all persons or the public

Interfere with private rights and property

Are legislative in implementation

None of the above

BIR decision prevails.

Taxpayer’s decision prevails.

Court decision prevails.

All of the above.

Citizenship is not a factor to consider.

Situs of persons is the residence of the taxpayer.

Subject matter is a must to determine situs.

None of the above.

Means by which the government raises income.

The government solely benefits from it.

The citizenry benefits from it.

None of the above

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