Question 21

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Which of the following is incorrect description of taxation?

Select one:

a.
None of these incorrectly describes taxation

b.
Legislative and inherent for the existence of the government.

c.
Supreme and absolute power of the State

d.
Strongest of all inherent powers of the State

e.
Necessary and for public purpose

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The correct answer is: Supreme and absolute power of the State

Question 22
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The 30% corporate income tax is increased to 35% by the Congress for the
purpose of raising revenue to be used for national road expansion project near
Bonifacio Global City, a private corporation. Is the exercised of the taxing power
unconstitutional?

Select one:

a.
No, because the taxation is exercised directly for public purpose and the benefit
to a private entity is only incidental.

b.
No, because the constitution does not expressly state that the power of taxation
must be used only for public purpose, thus, it may be used to benefit a private
entity.

c.
Yes, because taxing power must be exercised exclusively for public purpose
without any incidental benefit to any private entity.

d.
Yes, because the increase in tax rate constitutes deprivation of right to property
of corporation without due process of law for being excessive and unreasonable.

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The correct answer is: No, because the taxation is exercised directly for public
purpose and the benefit to a private entity is only incidental.

Question 23
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Inherent Limitations
are the natural restrictions to safeguard and ensure

that the power of taxation shall be exercised by the government only for the

betterment of the people whose interest should be served. enhanced and

protected.

Constitutional Limitations
are provisions of the fundamental law of the land that

restrict the supreme, plenary, unlimited and comprehensive exercised by the

State of its inherent power to tax.

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The correct answer is:

[Inherent Limitations] are the natural restrictions to safeguard and ensure that
the power of taxation shall be exercised by the government only for the
betterment of the people whose interest should be served. enhanced and
protected.

[Constitutional Limitations] are provisions of the fundamental law of the land

that restrict the supreme, plenary, unlimited and comprehensive exercised by the
State of its inherent power to tax.

Question 24
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 Question text
Tax of a fix amount imposed among all persons residing within a specified
territory without regard to their property or occupation they may be engage in

Select one:

a.
Property tax

b.
Regressive tax

c.
Business tax

d.
Poll tax

e.
Excise tax

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The correct answer is: Poll tax

Question 25
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Which statement is wrong?

Select one:
a.
Customs duty is a tax.

b.
A special assessment is a tax.

c.
Debt generally arises from contract.

d.
A tax is a demand of sovereignty.

e.
A toll is a demand of ownership.

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The correct answer is: A special assessment is a tax.