dlscrib.com_income-taxation-by-nick-aduana-answer-keydoc.pdf - Solution Manual Income Taxation(2009 Edition Chapter 1 True or False 1-1 1 True 2 False

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Solution Manual Income Taxation (2009 Edition) Chapter 1 True or False 1-1 1.True 2.False. Taxation covers person, properties, rights and transactions. 3.False. Person in taxation includes the concept of partnership, corporation, estate and trust. 4.True 5.False. Taxation as a legislative process is under the power of the legislative body, the Congress. 6.False. Taxation is the primary source of government revenue. Usually, the government resorts to borrowing if taxes collected are not sufficient to defray its budgetary requirements. 7.True 8.True 9.False. Basically, taxes imposed are based on the abilityof the taxpayer to pay. It is the primary obligation of the state toprotect all the constituents regardless of whether theypay or not their tax liabilities. 1
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7.False. 8.False. 9.False. The power of taxation is restricted by inherentand constitutional limitations. Tax assessment is the valuation anddetermination of the amount of tax. The passage oftaxation is called levying or imposition of tax.4.False. The three inherent powers can be and havebeen delegated by the Legislative to the ExecutiveBranch. 6.True Income tax cannot be classified as ad valorem,since the amount is not fixed and does not rely uponan independent appraiser. It is properly classified asgraduated. 2
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taxation violates the principle of uniformity; hence,considered unconstitutional.
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