Learning Task 5-8.6Stem Options: Choose the best answer.1. Which of the following is not considered a purpose of taxation?a. To regulate inflationb. To minimize the adverse effects of certain activitiesc. To have an equitable distribution of wealth among inhabitantsd. To make the poor p0orer2. Which of the following is not one of the inherent powers of a government?a. Eminent domainc. Taxationb. Police powerd. Kelly power3. The following are the principles of a sound tax system except:a. Revenues should be sufficient to pay government expensesb. Taxes must be unreasonably burdensome to the taxpayerc. Taxes must be optional; taxpayers may or may not pay their taxesd. Paying taxes must not grossly inconvenient to the taxpayers4. They are characteristics of tax except for:a. It is proportionate in characterb. It is imposed primarily to raise revenues for the governmentc. It is generally payable in kindd. It is levied for public purposes5. A tax which the taxpayer can shift to another is calleda. Direct taxc. Shiftable taxb. Indirect taxd. Passable tax6. You are employed. Your salary is your only source of income. You are subjectto which of the following taxes?a. Income taxс. А and Bb. Business taxd. None of these7. You are self-employed. You business earns income during the period. Youare subject to which of the following taxes?a. Income taxc. A and Bb. Business taxd. None of these

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1. Which of the following is not considered a purpose of taxation? a. To regulate inflation b. To minimnize the adverse effects of certain activities c. To have an equitable distribution of wealth among inhabitants d. To make the poor pOorer haront nowers of A govern

1. Which of the following is not considered a purpose of taxation? a. To regulate inflation b. To minimnize the adverse effects of certain activities c. To have an equitable distribution of wealth among inhabitants d. To make the poor pOorer haront nowers of A govern

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter24: Multistate Corporate Taxation

Section: Chapter Questions

Problem 2RP

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Question

Learning Task 5-8.6
Stem Options: Choose the best answer.
1. Which of the following is not considered a purpose of taxation?
a. To regulate inflation
b. To minimize the adverse effects of certain activities
c. To have an equitable distribution of wealth among inhabitants
d. To make the poor p0orer
2. Which of the following is not one of the inherent powers of a government?
a. Eminent domain
c. Taxation
b. Police power
d. Kelly power
3. The following are the principles of a sound tax system except:
a. Revenues should be sufficient to pay government expenses
b. Taxes must be unreasonably burdensome to the taxpayer
c. Taxes must be optional; taxpayers may or may not pay their taxes
d. Paying taxes must not grossly inconvenient to the taxpayers
4. They are characteristics of tax except for:
a. It is proportionate in character
b. It is imposed primarily to raise revenues for the government
c. It is generally payable in kind
d. It is levied for public purposes
5. A tax which the taxpayer can shift to another is called
a. Direct tax
c. Shiftable tax
b. Indirect tax
d. Passable tax
6. You are employed. Your salary is your only source of income. You are subject
to which of the following taxes?
a. Income tax
с. А and B
b. Business tax
d. None of these
7. You are self-employed. You business earns income during the period. You
are subject to which of the following taxes?
a. Income tax
c. A and B
b. Business tax
d. None of these

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