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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

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
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
Transcribed Image Text: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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