1. Which of the following may not raise money for the government? [A] Power of taxation [B] Police power [C] Power of eminent domain [D] Privatization of government’s capital assets
1. Which of the following may not raise money for the government? [A] Power of
[B] Police power [C] Power of eminent domain [D] Privatization of government’s capital
assets
2. In this power of the State, the person who is parting with his money or property is
presumed to receive a benefit. [A] Taxation [B] Police power [C] Eminent domain [D]
Forfeiture power
3. (CPA Exam) Police power as distinguished from eminent domain. [A] Just compensation
is received by the owner of the property. [B] May be exercised by private individuals. [C]
Superior to impairment clause of the Constitution [D] Property is taken by the government
for public purposes
4. The following are common to the inherent powers of the state, except: [A] They are
necessary attributes of sovereignty [B] They interfere with private rights and property. [C]
They affect all persons or public. [D] They are legislative in nature and character.
5. The basic principle of taxation which states that taxes must be based on taxpayer’s ability
to pay. [A] Equality in taxation [B] Ability to pay theory [C] Theoretical justice [D] Equity in
taxation
6. Under this basic principle of a sound tax system, the government should not incur a
deficit: [A] Theoretical justice [B] Administrative feasibility [C] Fiscal adequacy [D] Debt
restructuring
7. What basic principle of a sound tax system is met when Congress evolves a progressive
system of taxation as mandated in the Constitution? [A] Fiscal adequacy [B] Theoretical
justice [C] Administrative feasibility [D] Uniformity in taxation
8. Which of the following is not a basic principle of a sound taxation system? [A] It should
be capable of being effectively enforced. [B] It must be a progressive tax. [C] It must be
sufficient to meet government expenditures and other public needs. [D] It should be
exercised to promote public welfare.
9. Which of the following is not a characteristic of the State’s power to tax? [A] Inherent in
sovereignty [B] Legislative in character [C] Based on ability to pay [D] Subject to
constitutional and inherent limitations.
10. Which statement refers to police power as distinguished from taxation? (A) It can only be
imposed on specific property or properties. (B) The amount imposed depends on whether
the activity is useful or not. (C) It involves the taking of property by the government. (D)
The amount imposed has no limit.
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