8. Generally, the following can exercise the power of taxation, except: a. The local sanggunian b. The members of the House of Representatives c. The president d. The senators 9. The following are the reserved powers of Congress in exercising taxation, except: a. Determination of the deficiency taxes b. Discretion on who to tax c. Identify the method how to collect the tax d. The purpose of the levy 10. The following principles are inter-related, except: a. Ability to pay b. Benefit received theory c. Progressive tax system d. Theoretical justice

8. Generally, the following can exercise the power of taxation, except: a. The local sanggunian b. The members of the House of Representatives c. The president d. The senators 9. The following are the reserved powers of Congress in exercising taxation, except: a. Determination of the deficiency taxes b. Discretion on who to tax c. Identify the method how to collect the tax d. The purpose of the levy 10. The following principles are inter-related, except: a. Ability to pay b. Benefit received theory c. Progressive tax system d. Theoretical justice

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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