4/17/2021 ACCO20013 UNIT 1 QUIZ
ACCO20013 UNIT 1 QUIZ
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bsa21ampagatpat@gmail.com
Which of the following entities, in some circumstances, may exercise the power
eminent domain? I. Electric cooperatives II.Lending cooperatives Ⅲ. Water
cooperatives IV. Telecommunication companies *
I and Il only
I, II and ll only
I, Ill and IV only
All of the above
Debt as distinguished from tax *
Based on law
May be paid in kind
Does not draw interest except when delinquent
Generally not subject to set-off or compensation
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4/17/2021 ACCO20013 UNIT 1 QUIZ
Which of the following statements is correct? *
Indirect double taxation violates the Constitutional provision of uniformity and
protection
There is direct double taxation in taxing the income of the corporation and again
subject the portion of that income declared as dividend to final tax
Indirect double taxation is legal as long as there is no violation of equal protection
and uniformity clauses of the Constitution
all of the above
Finding out means of improvement in production so as savings would
compensate for taxes paid by manufacturers or producers *
Shifting
Transformation
Capitalization
Tax Dodging
A fundamental rule in taxation is that"the property of one country may not be
taxed byanother country This is known as *
International law
Reciprocity
International comity
International inhibition
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4/17/2021 ACCO20013 UNIT 1 QUIZ
The power to regulate liberty and property to promote the general welfare *
Power of taxation
Power of eminent domain
Police power
Power of recall
The principal purpose of taxation is *
To encourage the growth of home industries through the proper use of tax
To implement the police power of the State
To reduce excessive inequalities of wealth
To raise revenue for governmental needs
Which of the following statements is correct? I. Taxes are pecuniary in nature II. It
co-exist with the existence of the State III. Imposed on persons and property
beyond the territorial jurisdiction of the State *
I only
II only
I and II only
I, II and III
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4/17/2021 ACCO20013 UNIT 1 QUIZ
Which statement is wrong? *
The power of taxation may be exercised by the government, its political subdivisions
and public utilities
Generally, there is no limit on the amount of tax that may be imposed
The money contributed as tax becomes part of public funds
The power to tax is subject to inherent and constitutional limitations
Which of the following statements is true? *
The power of taxation and eminent domain are both exercisable only by the
government and its political subdivision
In police power, the property taken is preserved for public use
The power of eminent domain is created by the constitution
The exercise of the power of eminent domain and police power can be expressly
delegated to the local government units by the law making body
Statement 1: The Constitution can take away the inherent powers of the State
and prescribe its limitations Statement 2: No laws are necessary to confer the
inherent powers of the State upon any government exercising sovereignty *
Only statement 1 is correct
Only statement 2 is correct
Both statements are correct
Both statements are incorrect
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4/17/2021 ACCO20013 UNIT 1 QUIZ
"Equality in taxation"means: I. Progressive system of taxation shall be applied II.
The tax laws and their application must be fair, just, reasonable and
proportionate to one's ability to pay III. The tax laws shall give emphasis on direct
rather than indirect taxes or on theability-to-pay principle of taxation *
I only
II only
III only
I, II and III
The official action of an officer authorized by law in ascertaining the amount of
tax due under the law from a taxpayer is *
Assessment
Delinquency
Deficiency
Distraint
They exist independent of the constitution being fundamental power of the
state, except *
Power of taxation
Power of eminent domain
Police power
Power of recall
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4/17/2021 ACCO20013 UNIT 1 QUIZ
No person shall be imprisoned for non-payment of this *
Property tax
Poll tax
Excise tax
Income tax
Which of the following requires public improvement? I. Taxation II. Police Power
III. Eminent domain *
l only
I and Ill only
Ill only
Il and Ill only
Which of the inherent powers maybe exercised even by public utility companies?
*
Taxation
Police Power
Eminent domain
Taxation and Eminent Domain
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4/17/2021 ACCO20013 UNIT 1 QUIZ
Fixing the tax rate to be imposed is best described as a (an) *
Tax administration aspect
Tax legislative function
Aspect of taxation which could be delegated
Function that could be exercised by the executive branch
The strongest of all inherent powers of the government is *
Power of taxation
Police power
Power of eminent domain
Power of recall
Statement 1: Taxation and Police Power may be exercised simultaneously.
Statement 2: In the exercise of taxation, the State can tax anything at anytime
and at any amount *
Only statement 1 is correct
Only statement 2 is correct
Both statements are correct
Both statements are incorrect
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