1.Which of the following could be an object of taxation i. i person ii. tangible property, iii intangible property iv rights

1 and ii

i, , ii, and iii

i an iv

i, ii, iii and iv

2.Which of the following is an income subject to the basic tax?

dividends received from domestic corporation

prizes from USA lotto

Interest income from BDO

share in the net income of ordinary partnership 3.Which of the following statements is not correct?

Collections from taxes are public money

Appropriation of taxes for the common good of the people is valid

Construction of private road from taxes is a valid appropriation

Allocation of taxes for the benefit of greater portion o population is considered for population 4. Levying of local government taxes may be exercised by

the local executive only

the legislative branch of the local government only

the local executive and the legislative branch of the local government unit neither the local executive nor the legislative branch of the local government can exercise the power 5. The sources of revenue should be sufficient to meet the demands of public expenditures. this refers to

Equality or theoretical justice

fiscal adequacy

Administrative feasibilkity

Rule of apportionment

6. All of the following are not taxes except

surcharge

special assessment

custom duties

license fee

7. All of the following are legislative aspect of taxation except

selection of the object or subject of tax

fixing of tax rates

valuation of property for taxation

prescribing the general rules of taxation 8. The actual effort exerted by the government to effect the exaction of what is due from the taxpayer is known as

assessment

levy

payment

collection

9.Which of the following defines the country's tax policy?

Philippine Constitution

National Internal Revenue Law

Pari Materia Priciple

Tax Transformation

10.In every case of doubt, tax statutes are construed

Strictly against thegovernment and the taxpayer

liberally in favor of the government and the taxpayer

Strictly against the government and liberally in favor of the taxpayer

liberally in favor of the government and strictly against the tax payer