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would in SOurces Stateme support

would in SOurces Stateme support

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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d. Not valid because only the President with the approval of c Valid becauseit was Congress that passed the law and it did 10. Statement 1: Symbiotic relation is the reason why the government would impose taxes on the income of resident citizens derived from sources outside the Philippines. Statement 2 Jurisdiction is the reason why citizens must provide support to the state so the latter could continue to give protection. a. Only statement 1 is correct b. Only statement 2 is correct C. Both statements are correct d. Both statements are incorrect 11. A law was passed by Congress which granted tax amnesty to those who have not paid income taxes for a certain year and at the same fime providing for the refund of taxes to those who have already paid them. The law is a. Vald because there is a valid classification. b. Not valid because those who did not pay their taxes a favored over those who have paid their taxes. e Valid because it was Congress that passed the law and not improperly delegate the power to tax. d. Not valid because only the President with the approva Congress may grant amnesty.
Transcribed Image Text:d. Not valid because only the President with the approval of c Valid becauseit was Congress that passed the law and it did 10. Statement 1: Symbiotic relation is the reason why the government would impose taxes on the income of resident citizens derived from sources outside the Philippines. Statement 2 Jurisdiction is the reason why citizens must provide support to the state so the latter could continue to give protection. a. Only statement 1 is correct b. Only statement 2 is correct C. Both statements are correct d. Both statements are incorrect 11. A law was passed by Congress which granted tax amnesty to those who have not paid income taxes for a certain year and at the same fime providing for the refund of taxes to those who have already paid them. The law is a. Vald because there is a valid classification. b. Not valid because those who did not pay their taxes a favored over those who have paid their taxes. e Valid because it was Congress that passed the law and not improperly delegate the power to tax. d. Not valid because only the President with the approva Congress may grant amnesty.
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