8. Generally, the following can exercise the power of taxation, except:a. The local sanggunianb. The members of the House of Representativesc. The presidentd. The senators9. The following are the reserved powers of Congress in exercising taxation, except:a. Determination of the deficiency taxesb. Discretion on who to taxc. Identify the method how to collect the taxd. The purpose of the levy10. The following principles are inter-related, except:a. Ability to payb. Benefit received theoryc. Progressive tax systemd. Theoretical justice11. Which is NOT a proper exercise of administrative feasibility?a. Electronic Tax Payment System (eTPS)/Land Bank Remittance System (LBRS)b. Payment of tax thru credit/debit/prepaid cards/G-Cashc. Requirement to all taxpayers to file tax returnsd. Substituted Filing of Qualified Compensation Income Earners

Answered: 8. Generally, the following can…

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

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
11. Which is NOT a proper exercise of administrative feasibility?
a. Electronic Tax Payment System (eTPS)/Land Bank Remittance System (LBRS)
b. Payment of tax thru credit/debit/prepaid cards/G-Cash
c. Requirement to all taxpayers to file tax returns
d. Substituted Filing of Qualified Compensation Income Earners

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